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Zanzabum
5 days ago
5

Joey is planning to invest his savings in a fixed income fund. He manages to deposit $700 at the end of the first year, $500 at

the end of the second year, $300 at the end of the third year, and $600 at the end of the fourth year. If the fund earns 6 percent interest each year, the terminal value of this uneven cash flow stream at the end of Year 4 is _____.
Mathematics
1 answer:
tester [12.3K]5 days ago
8 0
The final amount comes to $2313.51. Explanation: We compute the future value of each cash flow and aggregate them. Initially, $700 is deposited after year one. Considering a timeframe of three years at an interest rate of 6%. Next, $500 is deposited at the end of the second year, maturing in two years. Finally, $300 is deposited after three years, maturing in one year. Moreover, an additional $600 is deposited at the end of year four with no interest accrued on that amount. Therefore, the terminal value equals $833.71 plus $561.80 plus $318 plus $600 totals $2313.51.
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The expression in question is:

f(x) = x³ – 2x² – x + 2

To determine the roots, follow these steps:

1. Set the equation to zero:

0 = x³ – 2x² – x + 2

2. Factor the equation to get:

(x-2)(x-1)(x+1) = 0

3. The roots can be identified as follows:

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