9514 1404 393
Answer:
$737,289
Step-by-step explanation:
The future value of an investment P invested at rate r per year compounded monthly for t years is ...
FV = P(1 +r/12)^(12·t)
We want to find P for the given future value, so we can solve for that:
P = FV/(1 +r/12)^(12·t) = FV(1 +r/12)^(-12·t)
P = $2,000,000(1 +.05/12)^(-240) = $737,289
Mr. Halpayne needs a present value of $737,289 to support his retirement.
Answer:
Are there options ??
Step-by-step explanation:
Answer:
c would be the answer hope this help
Step-by-step explanation:
pleas make brainly if it's right
Answer:
4x^2+4.
I am pretty sure that that is it.
Answer:
x=8.8
Step-by-step explanation:
Cross multiply
4/5=x/11
5*x=4*11
5x=44
Divide by 5 on both sides
x=8.8
Or, multiply both sides of the equation by 11
4/5=x/11
11*4/5=x/11*11
8.8=x
Hope this helps! :)