Answer:
20.4 years
Step-by-step explanation:
The nper formula in excel comes handy in this scenario:
=nper(rate,pmt,-pv,fv)
Rate is the monthly rate of 5.4%/12
Assuming actual investment is $5,000 which is pv
The triple amount would be $5,000*3=$15,000 which is future value fv.
pmt is the regular cash flow the investment which is zero
=nper(5.4%/12,0,-5000,15000)= 244.68 months
Yearly it can be expressed as = 244.68/12 =20.39 years
When rounded to one decimal place it becomes 20.4 years
Answer:
Well, one way to use reasonableness is to estimate the answer to see if your answer is an outrageous answer or not. So, looking at your problem, you see that you are multiplying a two hundred something number by 4 and then subtracting 10 from it.
Step-by-step explanation:
The formula of a slope:
We have the points (1, 4) and (1, -3). Substitute:
DIVISION BY ZERO!!!
Answer: The slope is undefined.
It's a vertical line x = 1.
9514 1404 393
Answer:
C. 13
Step-by-step explanation:
Put 4 where y is in the equation and do the arithmetic.
