Answer:
The principal investment required to get a total amount of $ 1,000,000.00 from compound interest at a rate of 6% per year compounded 12 times per year over 45 years is $ 67,659.17.
Step-by-step explanation:
Given
- Accrued Amount A = $1000000
- Interest rate r = 6% = 0.06
- Compounded monthly n = 12
To determine:
Using the formula


substituting A = 1000000, r = 0.06, t = 45, and n = 12


$
Therefore, the principal investment required to get a total amount of $ 1,000,000.00 from compound interest at a rate of 6% per year compounded 12 times per year over 45 years is $ 67,659.17.
Answer:
2% different
Step-by-step explanation:
it is 2% different because if Ace scored 3 baskets in his scond game but it was 2 less then his first so which means his first game he scored 5
Answer:
37.5
Step-by-step explanation:
3/8
3 divided by 8= .0375
.0375 times 100= 37.5
Answer:
30
Step-by-step explanation: