Answer:
20.4 years
Step-by-step explanation:
The nper formula in excel comes handy in this scenario:
=nper(rate,pmt,-pv,fv)
Rate is the monthly rate of 5.4%/12
Assuming actual investment is $5,000 which is pv
The triple amount would be $5,000*3=$15,000 which is future value fv.
pmt is the regular cash flow the investment which is zero
=nper(5.4%/12,0,-5000,15000)= 244.68 months
Yearly it can be expressed as = 244.68/12 =20.39 years
When rounded to one decimal place it becomes 20.4 years
Answer:
its A
Step-by-step explanation:
trust me man
Answer:
The answer to your question is The cost to raise a child from birth to 17 years in a household is $194119.
Step-by-step explanation:
Equation
y = 1.55x + 110,419
Annual income = $54,000
To solve this problem just substitute the annual income and simplify to find the cost.
y = 1.55(54,000) + 110419
Simplify
y = 83700 + 110419
Result
y = $194119
Answer:
0 is neutral when used in integers. When two integers are the same distance away from 0, on opposite sides of the number line, they are opposites.
