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:
9.02 B .......
Step-by-step explanation:
because I'm not really sure but that's an answer
If you use photomath itll help you
Answer:
The standard error of the mean = 5.14 mins
Step-by-step explanation:
Number of random sample (n) = 20
Mean(X) = 31.25 mins
Standard deviation (α) = 23.7 mins
Standard error of mean =
standard deviation / √sample size
= 23.7/√20
= 23.7/4.4721
= 5.14 mins
So it work like this
180-72= 108
x+4=108
x=108-4
x=104