Using compound interest, it is found that he must deposit $56,389.
Compound interest:
- A(t) is the amount of money after t years.
- P is the principal(the initial sum of money).
- r is the interest rate(as a decimal value).
- n is the number of times that interest is compounded per year.
- t is the time in years for which the money is invested or borrowed.
In this problem:
- Hopes to have $80,000 in 20 years, thus .
- Interest rate of 1.75%, thus .
- Compounding monthly, thus
- The investment is of P, for which we have to solve.
Then:
He must deposit $56,389.
A similar problem is given at brainly.com/question/25263233
Hey there!
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ANSWER: </h2><h2>
EXPLANATION:</h2>
Combine like terms.
Subtract 6x from both sides of the equation.
In the last step, we will divide both sides by -4.
Hope this helps and have a great weekend!
Alright, so we have 14 degrees and -10 degrees. The difference between 14 and 0 is 14, and the difference between 0 and -10 is 10. 14+10=24 for total change. For the average over 8 hours, we have 24/8=3 degrees
Answer:
median of seventh grade = 16.5
median of ninth grade = 16.5
Step-by-step explanation:
median = middle number, there are 18 numbers in total of each set. Since its even the middle number is kinda 16 and 17, but you can only choose one so the middle of 16 and 17 is 16.5
He starts at the center of the track and walks 72 yards to ... If marshall runs around the track 5 times about how far will.