Answer:
$ 50,340.97
Step-by-step explanation:
From the above question, we can deduce that we are to find the Initial amount invested which is also called the Principal.
The formula to find Principal in a compound interest question is:
P = A / (1 + r/n)^nt
Where:
A = Total Amount obtained after invested = $80,000
r = Interest rate = 3.1% = 0.031
n = number of times interest in compounded = Quarterly = 4
t = time in years = 15
P = $80,000/(1 + 0.031/4)^4 × 15
P = $80,000/(1 +0.00775)^60
P = $ 50,340.97
Hence, James would have to invest $50,340.97 today to have $80,000 in 15 years.
Answer:
Choice A
Step-by-step explanation:
Use the F. O. L. D method while solving
Answer:
Step 1 is ya answer!!! UwU
Step-by-step explanation:
Sorry if im wrong!!! T>T But it should be right!!! :D
Answer:
Step-by-step explanation:
Answer:
5.5
Step-by-step explanation:
The y-intercept of the line graph shown above is the value of the point where the line cuts the y-axis. The y-intercept of this graph is between 5 and 6. However, we can get an accurate value by calculation. This can be done by generating an equation of the line.
Recall the slope-intercept equation, , where m = slope of the line, b = y-intercept.
To generate the equation of the line, first find slope using the points (-2, 7) and (6, 1):
.
Substitute m = ¾ and the coordinates (6, 1) into the slope-intercept equation to find the y-intercept (b):
Therefore, b = y-intercept = 5.5.
To generate the equation of the line, plug in the values of m and b, we would have:
y = ¾x + 5.5
The y-intercept of the line of the graph is 5.5.