Answer:
The lum sum that must be deposited today is $12,506.25 to have a future value of $25,000 in 9 years if the funds carn 8%, compounded annually.
Step-by-step explanation:
We are given:
Future value (A)=$25,000
Rate r =8% (0.08%)
Time t = 9
Compounded Annually n =1
We need to find:
Principal Amount (P) = ?
The formula used will be:
Putting values and finding Principal Amount (P)
So, The lum sum that must be deposited today is $12,506.25 to have a future value of $25,000 in 9 years if the funds carn 8%, compounded annually.
When multiplying two equations like this, you need to distribute. Distribute each term to get <span><span><span><span><span><span>3<span>x</span></span></span></span></span></span></span>
<span><span><span><span><span>+ <span>3</span></span></span></span></span></span>
<span><span><span><span>− <span>26</span></span></span></span></span>
<span><span><span>−<span>14</span></span></span></span>
<span><span>−<span>15</span></span></span>
<span>−<span>24x</span></span>+<span>3</span>
Yes that is correct
spaceholder spaceholder
Answer:
d)-8
Step-by-step explanation:
- -6s-¹t²
- -6(3)-¹(-2)²
- -6(⅓)(4)
- -8