9514 1404 393
Answer:
4.8 years
Step-by-step explanation:
Solving the compound interest formula for the number of years gives ...
t = log(A/P)/(n·log(1 +r/n))
where principal P invested at rate r compounded n times per year produces value A after t years.
t = log(24805/22000)/(365·log(1 +0.025/365)) ≈ 4.800
The loan was for 4.8 years.
Answer:
<h2>a. Long-term goals are reached over an extended period of time, so your current income does not affect them.</h2>
Financial Planning is determining how you're going to handle your money. Usually after seeking out it's competition, a company will create goals to ensure that money continues to flows through smoothly after their objectives are set.
<em>I hope this helped you!</em>
Answer: n= -20?
Step-by-step:
Simplify both sides of the equation
1/5n+4=0
Then subtract 4 from both sides
1/5n + 4 - 4 = 0 - 4
1/5n= -4
Then multiply both sides by 5
5*(1/5n)=5*(-4)
