Answer:
Use the formula for calculating compound interest PN=P0(1+rk)Nk where P0 is the unknown, PN=10,000, N=10, k=1, and r=0.015. Substitute the values into the formula and simplify.
10000=P(1+0.0151)1⋅10
10000=P(1.015)10
10000=P(1.16054...)
8616.67=P
Therefore, rounded to the nearest dollar, the initial investment needs to be $8617 to have $10,000 in 10 years.
Step-by-step explanation:
Move all terms to the left side then set equal to 0. then set each factor equal to 0. k=-1, -5
Answer:
70
Step-by-step explanation:
Answer:
Step-by-step explanation:
Answer:
68.
Step-by-step explanation:
The common difference d = -19 - (-22) = 3
So the 31st term =
a31 = -22 + (31-1)3
= -22 + 90
= 90 - 22
= 68.
