Answer:
The principal investment required to get a total amount of $ 1,000,000.00 from compound interest at a rate of 6% per year compounded 12 times per year over 45 years is $ 67,659.17.
Step-by-step explanation:
Given
- Accrued Amount A = $1000000
- Interest rate r = 6% = 0.06
- Compounded monthly n = 12
To determine:
Using the formula
substituting A = 1000000, r = 0.06, t = 45, and n = 12
$
Therefore, the principal investment required to get a total amount of $ 1,000,000.00 from compound interest at a rate of 6% per year compounded 12 times per year over 45 years is $ 67,659.17.
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<span><span>Addition, you can have 89 + 33 = 122 </span>
<span>Commutative Property by moving: 33 + 89 = 122
<span>Associative Property by grouping: (3 + 30) + (80 +
9 ) = 122 </span>
<span>Distributive Property by allotting: 10 (8.9) + 33
= 113 </span>
</span></span>
Other examples include:
Addition, you can have 33 + = 113 </span>
<span>Commutative Property by moving: 107 + 6 = 113 </span>
<span>Associative Property by grouping: (3 + 3) + (100 + 7 ) = 113 </span>
<span>Distributive Property by allotting: 2 (3) + 107 = 113 </span>
<span>Multiplication, you can have 6 x 107 = 642 </span>
<span>Commutative Property by moving: 107 x 6 = 642 </span>
<span>Associative Property by grouping: (3 + 3) x (100 + 7 ) = 642 </span>
<span>Distributive Property by allotting: 2(3) x 107 = 642<span>
</span></span>
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