Answer:
Given:
To find:
Step-by-step explanation:
Answer:
A).Amount = $218250
B). Amount = $88700
Step-by-step explanation:
A) .$5000 in an account at age 23, and withdraw it 42 years
Number of years t= 42 years
Principal P = $5000
Rate r= 9%
Number of times compounded n= 42
A= p(1+r/n)^(nt)
A= 5000(1+0.09/42)^(42*42)
A= 5000(1+0.002143)^(1764)
A= 5000(1.002143)^1764
A= 5000(43.65)
A= 218250
Amount = $218250
B).waits 10 years before making the deposit, so that it stays in the account for only 32 years
Number of years t= 32 years
Principal P = $5000
Rate r= 9%
Number of times compounded n= 32
A= p(1+r/n)^(nt)
A= 5000(1+0.09/32)^(32*32)
A= A= 5000(1+0.0028125)^(1024)
A= 5000(1.0028125)^1024
A= 5000(17.74)
A= 88700
Amount = $88700
1.68 mm per year for 1.5 years could be rewritten as
(2.00-0.32) mm per year for 1.5 yrs.
Multiply: (1.5 yrs)(2.00-0.32)(mm/yr) = 3 mm + 0.48 mm = 3.48 mm
This approach makes use of the distributive property of multiplication.
Answer:
i think 27
Step-by-step explanation:
27 X 4/3y=36y
5*7/8 = 4 3/8
5/1 * 7/8 = 35/8
convert into mixed number because numerator is bigger than the denominator so it it
4 3/8
