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:
-437
Step-by-step explanation:
x=3,y=13,z=5
12x-3y4x-z
12(3)-3(13)(4)(3)-5
36-468-5
-437
Answer:
x equals 10
Step-by-step explanation:
you are moving the 5 from the hundredth value to the tenth, meaning it is becoming a higher number. for this one, just multiply by 10.
replace the value of x int eh equation
so 23x-1 becomes
23(1.1478)-1
23*1.1478 = 26.3994-1 = 25.3994