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
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

You might be interested in
Which gives the correct values for points A, B, C, and D?
saveliy_v [14]

Answer:

<em>The correct answer is: A</em>

Step-by-step explanation:

<u>Points on a Numeric Line</u>

The numeric line shown in the figure has four points A, B, C, and D. It's clear that each marked division of the line has a value of 1/4 units and all four points are below the reference zero, thus all are negative.

Point A is clearly on the -2 mark, thus

A=-2

Point B is one mark above A, thus it's located at:

B=-2+\frac{1}{4}=-\frac{7}{4}=-1\frac{3}{4}

B=-1\frac{3}{4}

Point C is one mark below -1, thus:

C=-1-\frac{1}{4}=-1\frac{1}{4}

Finally, point D is one mark below 0:

D=-\frac{1}{4}

The correct answer is: A

5 0
3 years ago
Can someone plz help me
Sati [7]

Answer:

One point greater than the last grade

Step-by-step explanation:

1. First off, N is the variable, so that means it can be any number, and when it uses the word <em>greater</em>, it means to ADD another number, which means one point greater.

6 0
3 years ago
Read 2 more answers
I need to know the answer
solniwko [45]
X-3/8=-1/4
+3/8
x=-1/4+3/8
make both bottom numbers the same so you are able to add them
-1/4×2/2= -2/8
x=-2/8+3/8
x=1/8
4 0
3 years ago
Read 2 more answers
Which of the following lines is perpendicular to the equation given below?
g100num [7]
I think it’s gonna be C
7 0
3 years ago
Read 2 more answers
HELP !!!!!!!!!! What percent and degrees of the pie have been eaten?
Fofino [41]

Answer:

About 1/5 or 20%

Step-by-step explanation:

If the pie is cut in slices equal to the one eaten, there will be 5. And since one is eaten there are 4/5 left, or 1/5 taken.

7 0
3 years ago
Other questions:
  • When evaluating a survey, Jody saw that 54% of the respondents think that the minimum age of those awarded a driver's license sh
    11·1 answer
  • 17297828288+516-5166617
    14·1 answer
  • 1. Forrest is purchasing a car priced at $7,299. His down payment is $299 and his monthly payments are $165 per month for 48 mon
    13·1 answer
  • When finding the product (x – 3)(x + 4), what would you add to x(exponent of 2)-3x to get the final answer?
    10·1 answer
  • The equation y=4x+4 estimates the number of U.S. households, in millions, expected to install devices that receive and manage br
    7·1 answer
  • a group buys 6 hot dogs and 3 hamburgers for a total of $27.75. the hamburgers cost $1.75 more than a hot dog. what is he cost o
    8·1 answer
  • Norton can mow the large lawn in about 5 hours. When he works with
    9·1 answer
  • Help with 30 please. thanks.​
    5·1 answer
  • Convert 12.4 pounds to ounces?
    11·1 answer
  • What is the reciprocal of 2/7​
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!