Answer:
<u>Equation</u>: 
<u>The balance after 5 years is: $1742.43</u>
<u></u>
Step-by-step explanation:
This is a compound growth problem . THe formula is:
Where
F is future amount
P is present amount
r is rate of interest, annually
n is the number of compounding per year
t is the time in years
Given:
P = 1500
r = 0.03
n = 12 (compounded monthly means 12 times a year)
The compound interest formula modelled by the variables is:
Now, we want balance after 5 years, so t = 5, substituting, we get:
<u>The balance after 5 years is: $1742.43</u>
Answer:
x=9
Step-by-step explanation:
x = 3^2
x = 3*3
x=9
The graph is shown in the attached image.
The semi-annual net cash flow the company must achieve in order for the purchase to be made is $2500.
<h3>How to calculate the cash flow?</h3>
Number of period = 6 × 2 = 12
Rate = 4% / 2 = 2%
Annual cash flow × PVIFA × (2% × 12) + $7500 × PVIF(2%,12) - $32348 = 0
Annual cash flow × 10.5753 = $32348 - $7500 × 0.7885
Annual cash flow × 10.5753 = $32348 - $5914
Annual cash flow × 10.5753 = $26434
Annual cash flow = 26434/10.5753
Annual cash flow = $2500
Learn more about cash flow on:
brainly.com/question/735261
