1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Allushta [10]
3 years ago
13

You want to have $25,000 for a down payment on a house 6 years from now. if you can earn 6.5 percent, compounded annually, on yo

ur savings, how much do you need to deposit today to reach your goal?
Mathematics
1 answer:
STatiana [176]3 years ago
6 0
Use compound interest formula:
Future value, F 
25000=P(1+i)^n
where
P=present value to be found
i=annual interest rate = 0.065
n=number of years = 6
so
25000=P(1.065)^6
=>
P=(25000/1.065^6)=$17133.353
You might be interested in
Uh Expanded form pls? 4.02 x 10^5
Vera_Pavlovna [14]

Answer:

4.02 x 10 x 10 x 10 x 10 x 10

Step-by-step explanation:

The part that needs expanding is the exponent. Since it is to the power of 5 there needs to be 5 written out 10's, all multiplied.

4.02 x 10 x 10 x 10 x 10 x 10

4 0
3 years ago
Read 2 more answers
One side of triangle is 4cm longer than the shortest side and 2cm shorter than the longest side the perimeter is 38cm what are t
o-na [289]
9.3, 13.3, 15.3
Hope it helps!
7 0
3 years ago
Read 2 more answers
What is the value of the expression 12.25 + (-17.75)?
Reika [66]

Answer:

-5.5

Step-by-step explanation:

7 0
3 years ago
Use the model to solve for x. A) x = -2 B) x = 4 C) x = 8 D) x = 12
Goryan [66]

Answer:

B

Step-by-step explanation:

7 0
4 years ago
Read 2 more answers
The sum of two integers is 26. the sum of the squares of the two integers is 340. what is the product of the two numbers?
Phoenix [80]
Lets say that the two unknown integers are n and m.

We know the following things about n and m:

n+m=26
n^2+m^2=340

And, we want to find nm.

To solve this, we'll use the expansion of the squared of the sum of any two inegers; this is expressed as:

(n+m)^2=n^2+2nm+m^2

So, given what we know about the unknown integers, the previous can be written as:

(26)^2=340+2nm

We can easily solve for nm:

nm= \frac{(26)^2-340}{2}= \frac{676-340}{2}= \frac{336}{2}=168

The answer is 168.

Another approach to solve the problem is, from the two starting equations, compute the values of n and m, which are 12 and 14, and directly compute their product; however, the approach described is more elegant. 
5 0
3 years ago
Other questions:
  • a baker uses 5.5 pounds of flour daily , how many ounces of flour will he use in two weeks use words numbers or pictures
    9·2 answers
  • Help me plz only number 22
    5·1 answer
  • Define the following terms in your own words:
    14·1 answer
  • -5x-5y=0<br> Y=8x<br> I need help
    5·1 answer
  • What is the slope of the line that passes through the points (2, –3) and (–2, 5)?
    10·2 answers
  • Write the logarithmic equation log 7 x = y in exponential form.
    11·1 answer
  • Identify ALL sets of parallel and perpendicular lines in this image.
    11·2 answers
  • !
    9·1 answer
  • Solve for W.<br> A=6W<br> help timed
    14·2 answers
  • Calculate the angle of depression from the
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!