Answer:
$10,234.31
Step-by-step explanation:
A suitable financial calculator or spreadsheet can evaluate the future value function for you. It will tell you that $10,234.31 must be deposited today to have $13,000 in three years, when interest is 8% compounded monthly.
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You are solving for P:
13000 = P(1 +0.08/12)^(12×3)
P = 13000/(1 +0.08/12)^36 ≈ 10,234.31
Answer:
Step-by-step explanation:
The given line passes through: (0,-3), (2,0), and (4,3).
We first of all find the slope using 
Using 
we find the slope to be
The equation is given by 
, where 
is the slope and c=-3 is the y-intercept.
Therefore the equation is
N + d = 20....n = 20 - d
0.05n + 0.10d = 1.35
0.05(20 - d) + 0.10n = 1.35
1 - 0.05d + 0.10d = 1.35
-0.05d + 0.10d = 1.35 - 1
0.05d = 0.35
d = 0.35/0.05
d = 7 <==== 7 dimes
n + d = 20
n + 7 = 20
n = 20 - 7
n = 13 <=== 13 nickels
It would be 1/8. 2 to the third is 8, and all three answers correct is one option.
Answer:
Step-by-step explanation:
