I believe the answer is 3 and 3/5
Answer:
The principal investment required to get a total amount of $ 1,000,000.00 from compound interest at a rate of 6% per year compounded 12 times per year over 45 years is $ 67,659.17.
Step-by-step explanation:
Given
- Accrued Amount A = $1000000
- Interest rate r = 6% = 0.06
- Compounded monthly n = 12
To determine:
Using the formula


substituting A = 1000000, r = 0.06, t = 45, and n = 12


$
Therefore, the principal investment required to get a total amount of $ 1,000,000.00 from compound interest at a rate of 6% per year compounded 12 times per year over 45 years is $ 67,659.17.
Answer:

Try to solve the similtanious equation to find the first term and the common difference, then use that information to figure out the 80th term... Update me if you need further help ...
Answer:

Step-by-step explanation:
In order to find the value of n that satisfies this equation, we can perform a series of algebraic steps on it to solve for n.
- <em>Distribute in the 8 on the left side:</em>
- <em />
<em> </em> - <em>Add 4n to both sides</em>
- <em>Add 16 to both sides</em>
- <em>Divide both sides by 20</em>
Therefore, n=1 is the value of n that satisfies this equation.
Hope this helped!