You need a compound interest formula solved for principal:
Principal = Total ÷ (1 + Rate)<span> ^ years
</span><span>
Principal = 40,000,/ (1.056) ^ 4
</span><span><span><span>Principal = 40,000 / 1.2435282985
</span>
</span>
</span>
Principal =
<span>
<span>
<span>
32,166.54
</span>
</span>
</span>
So, 32,166.54 deposited for 4 years at 5.6% interest (compounded annually) produces $40,000.
Source:
http://www.1728.org/compint2.htm
Answer:
-4,7
Step-by-step explanation:
add both to get y=7
then sub y in 2 to get 8x+42=10
8x=-32
x=-4
6 and 3 because I took the assignment as well
Answer
18.2
Step by step
Just turn 3% into a decimal by moving the decimal twice to the left
Then multiply it by 140
