Every year on his birthday Elliot's parents invest money for him at an annual interest rate of r. Suppose that they give him $1100, $400, $650, and $800, starting with $1100 on his 18th birthday (a) If r = 5%, what is the total value of the investments on his 20th birthday? On his 21t birthday? Round your answers to two decimal places. The total value of the investments on his 20h birthday is $L The total value of the investments on his 21st birthday is $ (b) If x = 1+r, write a polynomial expression in x for the value on his 20th and 21st birthday. 20th birthday: Edit 21st birthday: Edit

Advanced Engineering Mathematics
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ISBN:9780470458365
Author:Erwin Kreyszig
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Every year on his birthday Elliot's parents invest money for him at an annual interest rate of r. Suppose that they give him $1100, $400, $650, and $800, starting with $1100 on his 18th birthday
(a) If r = 5%, what is the total value of the investments on his 20th birthday? On his 21t birthday?
Round your answers to two decimal places.
The total value of the investments on his 20h birthday is $L
The total value of the investments on his 21st birthday is $
(b) If x = 1+r, write a polynomial expression in x for the value on his 20th and 21st birthday.
20th birthday:
Edit
21st birthday:
Edit
Transcribed Image Text:Every year on his birthday Elliot's parents invest money for him at an annual interest rate of r. Suppose that they give him $1100, $400, $650, and $800, starting with $1100 on his 18th birthday (a) If r = 5%, what is the total value of the investments on his 20th birthday? On his 21t birthday? Round your answers to two decimal places. The total value of the investments on his 20h birthday is $L The total value of the investments on his 21st birthday is $ (b) If x = 1+r, write a polynomial expression in x for the value on his 20th and 21st birthday. 20th birthday: Edit 21st birthday: Edit
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