Answer:
?
Step-by-step explanation:
Answer: he should invest $16129 today.
Step-by-step explanation:
Let $P represent the initial amount that should be invested today. It means that principal,
P = $P
It would be compounded annually. This means that it would be compounded once in a year. So
n = 1
The rate at which the principal would be compounded is 7.6%. So
r = 7.6/100 = 0.076
The duration of the investment would be 6 years. So
t = 6
The formula for compound interest is
A = P(1+r/n)^nt
A = total amount in the account at the end of t years.
A = 25000
Therefore
25000 = P(1+0.076/1)^1×6
25000 = P(1.076)^6
25000 = 1.55P
P = 25000/1.55
P = $16129
Answer:
The product is 240.
Step-by-step explanation:
The product is always when you multiply numbers together.
in 3.4653, there is one digit to the left of the decimal point, that is the ones position
in 34.653, there are 2 numbers to the left of the decimal point, the 3 is located in the tens place
so 34.653 is greater than 3.4653
M= 276 31+276=307.
307-31=276 that’s how I found M
