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Alika [10]
2 years ago
5

How much would you need to deposit in an account now in order to have $6000 in the account in 5 years? Assume the account earns

8% interest compounded daily.
Mathematics
1 answer:
Darya [45]2 years ago
7 0

Answer:

$\frac{6000\cdot \:365^{1825}}{365.08^{1825}}

Step-by-step explanation:

x(1+.\frac{.08}{365})^{5\cdot \:365} =6000

x\frac{365.08^{1825}}{365^{1825}}=6000

x\frac{365.08^{1825}}{365^{1825}}\cdot \:365^{1825}=6000\cdot \:365^{1825};\quad \ne \mathrm{True}

365.08^{1825}x=6000\cdot \:365^{1825};\quad \ne \mathrm{True}

\frac{365.08^{1825}x}{365.08^{1825}}=\frac{6000\cdot \:365^{1825}}{365.08^{1825}};\quad \ne \mathrm{True}

x=\frac{6000\cdot \:365^{1825}}{365.08^{1825}};\quad \ne \mathrm{True}

you cannot simplify further because of the high exponents

It is simply extremely hard to do compound interest problems backwards if it gets compounded daily

Mark brainliest please!

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a_sh-v [17]
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6 0
3 years ago
A used car is priced at $2,695. If you borrow the money for the car, your payments will be $122 a month for 30 months. How much
Studentka2010 [4]

Answer: $965

Step-by-step explanation:

The used car is priced at $2,695.

If you borrow the money for the car, your payments will be $122 a month for 30 months. This means that the total amount of money that you would have paid at the end of 30 months at a rate of $122 per month is the amount paid per month multiplied by the total number of months. It becomes

Total payment = 122×30 = $3660

This means that you ended up paying higher than you would have paid if you paid cash.

Amount that you would have saved = amount paid over 30 months - cost of the car

Amount that you would have saved

= 3660 - 2695 = $965

7 0
2 years ago
Someone please do this one for me !!!!
oee [108]

Answer:

Plot the points in black and connect them.

Plot the point in blue and count up 3 and to the right 1. Plot and connect the points.

Step-by-step explanation:

Using your cursor/mouse, you will first choose the color black. Then you will plot the points given to you (2,2) and (5,8) by first finding the x-coordinate of (x,y). Start at 2 on the x-axis. Follow the grid line up two units so you will also be at the 2 on the y-axis. Plot or draw a dot/circle on this grid line. Go back to the x-axis and start again at 5 on the x-axis. Follow the grid line up eight units so you will also be at the 8 on the y-axis. Plot or draw a dot/circle on this grid line. Connect the dots for your line.

Using your cursor/mouse, you will choose the color blue. Then you will plot the point given to you (10,5) by first finding the x-coordinate of (x,y). Start at 10 on the x-axis. Follow the grid line up five units so you will also be at the 5 on the y-axis. Plot or draw a dot/circle on this grid line. Instead of plotting another point. This time you will count from the blue point up three units and over to the right one. Mark this grid line as a point. Now connect them.

6 0
3 years ago
Need help someone please help me
Margaret [11]

Answer:

Its a i just took the test

Step-by-step explanation:

4 0
3 years ago
Reduce to simplest form. <br> -7/12 +3/8
gayaneshka [121]

Answer:

ok so you should get -5/24 in simplest form.

Decimal form- -0.2083 repeating

Step-by-step explanation:

Hope this helped :)

4 0
2 years ago
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