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3 years ago

12

A book store bought 160 copies of a book from the publisher for $4000. If the store gives away 2 books, how much money will it l

ose?

1 answer:

Ghella [55]3 years ago

5 0

$4000/160=$25
Meaning that each copy is $25.
so, $25x2= $50
The answer is that the store will lose $50

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The monthly deposit required to save up to $625,357.24 (future value) in 40 years at a 7.2% APR is <u>$225.20</u>.

<h3>What is the monthly deposit?</h3>

The monthly deposits are the periodic savings that the investor must make to achieve future value.

The monthly deposit is compounded at the monthly annual percentage rate (APR).

We can compute the required monthly deposits using an online finance calculator as follows:

N (# of periods) = 480 months (40 years x 12)

I/Y (Interest per year) = 7.2%

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<u>Results</u>:

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Total Interest = $517,261.24

Thus, to save $625,357.24 in 40 years, you need to deposit <u>$225.20</u> monthly.

Learn more about periodic deposits (payments) at brainly.com/question/13031679

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1 year ago

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Step-by-step explanation:

Hope this answer helps you :)

Have a great day

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