Answer:
$10,234.31
Step-by-step explanation:
A suitable financial calculator or spreadsheet can evaluate the future value function for you. It will tell you that $10,234.31 must be deposited today to have $13,000 in three years, when interest is 8% compounded monthly.
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You are solving for P:
13000 = P(1 +0.08/12)^(12×3)
P = 13000/(1 +0.08/12)^36 ≈ 10,234.31
Answer:
(1, 3)
Step-by-step explanation:
Given the expression
x+y = 4 ... 1
y = 2x+1 ....2
Substitute equation 2 into 1
x + (2x+1) = 4
3x + 1 = 4
3x = 4-1
x = 3/3
x = 1
Since y = 2x + 1
y = 2(1) + 1
y = 3
Hence the solution to the equation is (1,3). This means that the coordinate point on the graph where both lines intersect will be at (1, 3)
Answer:
14
Step-by-step explanation:
64-8=56
56/4=14
Area is length times width so it is 3 times 3 since a square sides are all the same