Answer: the company should invest $12191 each week
Step-by-step explanation:
The amount that the company needs is $5,400,000
We would apply the periodic interest rate formula which is expressed as
P = a/[{(1+r)^n]-1}/{r(1+r)^n}]
Where
P represents the weekly payments.
a represents the amount that the company needs
r represents the rate.
n represents number of weekly payments. Therefore
a = 5,400000
There are 52 weeks in a year
r = 0.079/52 = 0.0015
n = 52 × 14 = 728
Therefore,
P = 5400000/[{(1+0.0015)^728]-1}/{0.0015(1+0.0015)^728}]
5400000/[{(1.0015)^728]-1}/{0.0015(1.0015)^728}]
P = 5400000/{2.98 -1}/[0.0015(2.98)]
P = 5400000/(1.98/0.00447)
P = 5400000/442.95
P = $12191
Answer:
Inverse property of multiplication
Answer:
y=-2x+2
Step-by-step explanation:
okay?.......................
Answer:
Step-by-step explanation:
We have two mixed numbers and are asked to multiply them together.
2 1/4 * 1 2/3
First we convert the mixed numbers into improper fractions to make it easier for us. So follow the MA rule.
Multiply the whole number by the denominator and add the numerator.
2 1/4 * 1 2/3
9/4 * 5/3
Now multiply across,
Now we need to convert this back into a mixed number.
So how many times does 45 go into 12?
3 times, and 3 are left.
Answer:
Step-by-step explanation:
