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3 years ago

7

Mr. Smith wishes to retire in 16 years. When he retires he would like to have $500,000 in his bank account. Mr. Smith's bank pay

s 10% per year compounded annually. How much should he deposit now to attain his goal?

1 answer:

Neko [114]3 years ago

6 0

The amount he should deposit is 31,250 dollars

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Neko [114]

Answer:

18

Step-by-step explanation:

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Hey guys ! Can anyone help me with these problems please and thanks

AnnyKZ [126]

1)

m = 3√2√2

= 6

n = a

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<u>Answer = </u><u> </u><u>D</u><u>)</u><u> </u><u>m</u><u> </u><u>=</u><u> </u><u>6</u><u> </u><u>,</u><u> </u><u>n</u><u> </u><u>=</u><u> </u><u>3</u><u>√</u><u>2</u>

2)

m = n = a

m = 3

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2 years ago

One crew can seal a parking lot in 12 hours and another in 15 hours. how long will it take to seal the parking lot if the two cr

MakcuM [25]

This is a typical work problem in algebra. The approach to this is using the equation: Rt = 1, where R is the rate per person working, t is the amount of time worked by an individual. All their rates must equal to 1. The solution is as follows:

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3 years ago