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Aneli [31]
3 years ago
8

Find the present value PV of the given investment. (Round your answer to the nearest cent.) An investment earns 2% per year and

is worth $20,000 after 20 months.
Mathematics
1 answer:
vazorg [7]3 years ago
6 0
Let P = the PV (principal value).

n = 12, the monthly compounding interval
r = 2 = 0.02, the rate
nt = 20 months

The value if $20,000 after 20 months, therefore
P(1 + r/n)²⁰ = 20000
1.0339P = 20000
P = $19,344.86

Answer: PV = $19,344.86

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1) You are told that 34.6% of Mr. Camp's class of 26 students reported that they have at least 2 siblings. Find the number of students in his class that have at least two siblings by multiplying 0.346 (the decimal form of 34.6%) by 26:
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However, be careful! Notice that you want the number of students with fewer than 2 siblings. That means you need to subtract 9 from 26 to find the number of students with less than 2 siblings:
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2) You are told that there are 1800 eighth-grade classes in the state, and the average size of the classes is 26. That means you can assume that there are 1800 classes of 26 in the state.

Since you are told that Mr. Camp's class is representative of students in the state's 8th grade classes. That means in the state, for each class of 26, 17 students (the number we figured out in step 1) have fewer than two siblings!

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7 0
2 years ago
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Firdavs [7]

Answer:

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