9514 1404 393
Answer:
$737,289
Step-by-step explanation:
The future value of an investment P invested at rate r per year compounded monthly for t years is ...
FV = P(1 +r/12)^(12·t)
We want to find P for the given future value, so we can solve for that:
P = FV/(1 +r/12)^(12·t) = FV(1 +r/12)^(-12·t)
P = $2,000,000(1 +.05/12)^(-240) = $737,289
Mr. Halpayne needs a present value of $737,289 to support his retirement.
Answer:
On a fair die, half the numbers are even and half the numbers are odd. So, the probability for a single roll of getting an even number or an odd number is 12. So, the odds are 7:1 against the desired outcome
Answer:
Hi
Step-by-step explanation:
Answer:
y=x-4
Step-by-step explanation:
y= mx+b Slope intercept form
b= y intercept= -4
m= slope=1
y= 1x-4= y=x-4
Answer:
seventy thousound
70,000
Step-by-step explanation: