Answer:
The principal investment required to get a total amount of $ 1,000,000.00 from compound interest at a rate of 6% per year compounded 12 times per year over 45 years is $ 67,659.17.
Step-by-step explanation:
Given
- Accrued Amount A = $1000000
- Interest rate r = 6% = 0.06
- Compounded monthly n = 12
To determine:
Using the formula


substituting A = 1000000, r = 0.06, t = 45, and n = 12


$
Therefore, the principal investment required to get a total amount of $ 1,000,000.00 from compound interest at a rate of 6% per year compounded 12 times per year over 45 years is $ 67,659.17.
Answer: x=2
Step-by-step explanation:
first subtract 3x from both sides
then your equation will be 8x-7=9 then you will add 7 to both sides getting 8x=16 then divide both sides by 8 and x=2
Answer:
-11
Step-by-step explanation:
Absolute value means the distance from 0 so in this case, anything that is 10+ from 0 will work
Answer:
as a decimal 0.048 and as a fraction 6/125
Step-by-step explanation:
Hope this helps :)