Using compound interest, it is found that he must deposit $56,389.
Compound interest:
- A(t) is the amount of money after t years.
- P is the principal(the initial sum of money).
- r is the interest rate(as a decimal value).
- n is the number of times that interest is compounded per year.
- t is the time in years for which the money is invested or borrowed.
In this problem:
- Hopes to have $80,000 in 20 years, thus .
- Interest rate of 1.75%, thus .
- Compounding monthly, thus
- The investment is of P, for which we have to solve.
Then:
He must deposit $56,389.
A similar problem is given at brainly.com/question/25263233
Answer:
Step-by-step explanation:
Answer:
0 or 1
Step-by-step explanation:
Given that Kelley is tasked with having to use vertical line test to determine whether or not a curve is a function. Each vertical line that Kelly draws through her curve must intersect the curve at maximum one point only in order for thecurve to be a function
Answer is 0 or 1 point
Answer:
Step-by-step explanation:
You are given: USA = 2F + 3 or 6 + F
find F for the equation:
6 + F = 2F +3
Now solve for F,
6-3 = 2F-F
F = 3
Which mean French has total of 3 Gold Metals