The future value of the investment if the interest is compounded monthly is $89,354.89.
<h3>What is the future value of the investment?</h3>
Given that;
- Principal P = $20,000
- Annual interest rate r = 5% = 5/100 = 0.05
- Time t = 30 years
- Compound monthly = 12
- Future value = A = ?
Using the compound interest formula;
A = P( 1 + r/n )^(nt)
We plug in our values.
A = 20000( 1 + 0.05/12 )^(12 × 30)
A = 20000( 1 + 0.0041666666666667)^(360)
A = 20000( 1.0041666666666667)^(360)
A = 20000( 4.46774965 )
A = 89354.89
Therefore, the future value of the investment if the interest is compounded monthly is $89,354.89.
Learn more about compound interest here: brainly.com/question/21270833
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Answer:
I believe the answer is 40 degrees
Step-by-step explanation:
they are vertical angles which mean they are equal
So.. checking the picture below
we can say y = y, or just do a substitution and end up with
once you know, how long is "x", then you can simply use the cosine of 72° to get "r"
thus
Answer:
8 weeks
Step-by-step explanation:
p = 2w
p = total pieces = 16
then putting value in p = 2w
16 = 2w
divide by 2 on both side we get
16/2 = 2w/2
8 = w
where w is total weeks i.e 8
Answer: 3 feet
Step-by-step explanation:
Here's the complete question:
The volume of the cylinder is 235.6 cubic feet the radius is 5ft. Find the height.
Note that Volume of a cylinder = πr²h
where Volume = 235.6 feet³
Radius = 5 feet
Height = Unknown
Then, we put the values back into the question and this will be:
V = πr²h
235.6 = 3.14 × 5² × h
235.6 = 3.14 × 25 × h
235.6 = 78.5 × h
h = 235.6 / 78.5
h = 3 feet
The height is 3 feet
