Amount must the owner make to have the cost of the ski lift in 5 years is $6,711,045.22.
<h3>
What is compound interest?</h3>
Compound interest is the addition of interest to the principal sum of a loan or deposit, or in other words, interest on principal plus interest.
A = P(1 + r/n)
P =5,500,000
r =4%= 0.004
n =4
t= 5 years.
Now,
A = P(1 + r/n)
A = 5,500,000.00(1 + 0.04/4)
A = 5,500,000.00(1 + 0.01)
A = $6,711,045.22
Hence, The total amount accrued is $6,711,045.22.
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Answer:
Your answer =
4.6
Step-by-step explanation:
Hope it helps
-8 + 1 = -9 and its less than
Answer:
x=136 degrees
Step-by-step explanation:
A quadrilateral inscribed in a circle has opposite angles that add up to 180 degrees. So x + 44 deg = 180 deg. We can solve this to get x = 136 deg.
I hope this solution was helpful. Happy mathing!