Answer:
The principal investment required to get a total amount of $ 1,000,000.00 from compound interest at a rate of 6% per year compounded 12 times per year over 45 years is $ 67,659.17.
Step-by-step explanation:
Given
- Accrued Amount A = $1000000
- Interest rate r = 6% = 0.06
- Compounded monthly n = 12
To determine:
Using the formula
substituting A = 1000000, r = 0.06, t = 45, and n = 12
$
Therefore, the principal investment required to get a total amount of $ 1,000,000.00 from compound interest at a rate of 6% per year compounded 12 times per year over 45 years is $ 67,659.17.
Answer:
the answer is D.
Step-by-step explanation:
multiply each row in the first matrix by each column in the second matrix.
[4*-2+2*7 4*5+2*-1]
simplify each element of the matrix by multiplying out all the expressions.
[6 18]
this matrix is already in the most simplified form.
[6 18]
The choices should be B, C, and E. Hope this helps
Answer: D) 1.47x + 1.61y = 229.11
Explanation: The amount of beverages and candy sold combined (addition) should be set equal to the targeted goal per game ($229.11).