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Charra [1.4K]
3 years ago
13

To have $25,000 to spend on a new car in five years, how much money should Jill invest today at 8% compounded monthly?

Mathematics
2 answers:
finlep [7]3 years ago
8 0

Answer:

 The answer is C. $16,780

Step-by-step explanation:

PV = 25,000(1+\frac{0.08}{12} )x^{-12(5)}  = 16,780

Mariulka [41]3 years ago
7 0
The answer is B
Because if you use your calculation right you would end up with 16,463
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Suppose that the amount of time it takes to build a highway varies directly with the length of the highway and inversely with th
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Step-by-step explanation:

In this question, we are to use proportionality to find the solution to the question.

We were made to know that the time taken to build the highway is varied directly with the length and inversely with the number of workers.

Let us make a mathematical representation for this.

Let the time be t, number of workers be w and length be l

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Where k is the constant of proportionality.

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150 workers built 12 miles of highway in 14 weeks ; plug these in the equation to get k

14 = k * 12/150

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Now we want to get t given w and l

from ;

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We can get t; where l = 15 and w = 125

t = 175 * 15/125

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