1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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!

You might be interested in
Can anyone help? with these probelms.
vredina [299]

Answer:

Denise = total cost $3,345.00 per mile cost is 0.3185 or 32 cents per mile

Total Lease cost = $15,516

Step-by-step explanation:

5 0
3 years ago
The area of the figure is BLANK square units.
nikitadnepr [17]

L*W*H

take them all and multipy

8 0
3 years ago
Does anyone know what's asked for flvs pre Calc module 4 dba
Alisiya [41]
No
Don’t knew
What
Forgot tbh
7 0
3 years ago
Mia has 12 marbles, alex has 9 marbles, and micheal has 51 marbles. use the gcf and the distributive property to find the total
aleksley [76]

Answer: 5508

Step-by-step explanation:

all the numbers together equal 72 marbles in total.

(6x2)x (3x3)x (3x17)=

  12       9          51              first multiply the easy numbers 12x9 =108 then

108x51= 5508

3 0
3 years ago
Complete the recursive formula of the geometric sequence 16\,,\,3.2\,,\,0.64\,,\,0.128,...16,3.2,0.64,0.128,
Nastasia [14]

Answer:

a_{n+1}=0.2a_n for all n>0, a_1=16

Step-by-step explanation:

Let \{a_n\}=\{16,3.2,0.64,0.128,\cdots \} be the sequence described.

A geometric sequence has the following property: there exists some r (the ratio of the sequence) such that \frac{a_{n+1}}{a_n}=r forr all n>0.

To find r, note that

\frac{3.2}{16}=\frac{32}{10(16)}=\frac{2}{10}=\frac{1}{5}=0.2

Similarly

\frac{0.64}{3.2}=\frac{64}{10(32)}=\frac{1}{5}=0.2

\frac{0.128}{0.64}=\frac{1}{5}=0.2

Thus a_{n+1}=r a_n=\frac{a_n}{5}=0.2a_n for all n>0, and a_1=16

3 0
3 years ago
Other questions:
  • You are selling items from a catalog for a school fundraiser.Write and solve two inequalities to find the range of sales that wi
    5·1 answer
  • If two triangles have three congruent, corresponding angles, what additional information is needed to prove the triangles are co
    12·2 answers
  • Chevy has some yarn that he wants to use to make hats and scarves. Each hat uses 0.2 kilograms of yarn and
    12·1 answer
  • Tell wether the angles are adjacent or vertical. Then find the value of x.
    7·1 answer
  • Ryan made a cd of his favorite songs. There are 42 minutes of time on Cd. He records 14 songs. What is the average length of eac
    13·2 answers
  • Mia drove 824 miles on 34.8 gallons of gas. What was her gas mileage, rounded to the nearest mpg?
    10·2 answers
  • What is the measure of the indicated angle ?
    12·1 answer
  • Can someone please help me
    8·2 answers
  • What is the sum of -3^2-7x+9and -5^2+6x-4
    8·1 answer
  • Elwood invested $5,000 in a money market account and has been tracking its progress. He found that after 3 years, the account he
    14·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!