1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Semmy [17]
3 years ago
5

How much money should you invest now in order to have $ 60 comma 000$60,000 in 2929 ?years? Assume that the money earns interest

at 10.5 %10.5%?, compounded annually. Round to the nearest dollar amount.
Mathematics
1 answer:
Scilla [17]3 years ago
4 0

Answer:

$3316 should be invested.

Step-by-step explanation:

Since, the amount formula in compound interest is,

A=P(1+r)^t

Where, P is the principal amount,

r is the rate per period,

t is the time in years,

Here,

A = $ 60,000,

r = 10.5% = 0.105

t = 29 years,

By substituting value,

60000=P(1+0.105)^{29}

P=\frac{60000}{1.105^{29}}=\$3316.23415377\approx \$3316

Hence, $ 3316 should be invested.

You might be interested in
For what value or values of b is it true that |b| = -b
snow_tiger [21]

Answer:

b =0

Step-by-step explanation:

The only value where  |b| = -b  is when b=0

|0| = -0

0 = 0

Absolute value means non- negative

non-negative = negative

This is only true when we equal zero

3 0
4 years ago
Read 2 more answers
Help please i cant figure this out
rjkz [21]

Answer:

100

Step-by-step explanation:

hope this helped :D

7 0
3 years ago
Read 2 more answers
If a toy truck is created in a 2:9 scale, and the wheel of the toy is 14cm wide, how wide is the actual wheel?
lesya [120]

Answer:63 cm

Step-by-step explanation:

Given

The scale of creation is 2:9

The width of the toy wheel is 14 cm

Suppose x is the actual width of the truck

\therefore \dfrac{2}{9}=\dfrac{14}{x}\\\\\Rightarrow x=\dfrac{9}{2}\times 14=63\ cm

Thus, the width of actual truck is 63 cm

8 0
3 years ago
Two stores carry a simuler stereo for the same originail price of $573. One store offers a 16% discount and the second store sel
snow_tiger [21]

store number two gives a better discount .

if you go to store one and buy it for 573 with the 16% DISCOUNT, YOU GET 481.32, THEREFORE, STORE TWO IS BETTER(caps lock) also did store two have a discount?


3 0
4 years ago
A regular hexagon has an apothem of 14.7 inches and a perimeter of 101.8 inches. What is the area of the hexagon?
Neporo4naja [7]

<u>Answer</u>

748.23 in²


<u>Explanation</u>

Apothem a line from the centre of a regular polygon at right angles to any of its sides. This can be said to be the height of the triangle in a polygon.

The base of the  hexagon = 101.8 ÷ 6

                                            = 19.96666..

                                            = 19.9667 inches

Area of the  hexagon = 1/2 × height × base length × 6

                                     = 1/2 × 14.7 × 19.9667 × 6

                                      = 748.23 in²

7 0
4 years ago
Read 2 more answers
Other questions:
  • Please help me with this.
    13·1 answer
  • How do i find the midpoint of the line segment whose endpoints are (5, 9) and (-3, 7)
    14·1 answer
  • WILL MARK BRAINLIEST!
    5·1 answer
  • 329ml in the ratio 27:20
    9·1 answer
  • Two angles are adjacent and form an angle of 160. Their difference is 34. Find the angles​
    10·1 answer
  • Find the greatest common factor of 50 and 15.
    10·2 answers
  • Evaluate 2/3-1/6
    8·1 answer
  • Factored form for x^2 + 8x + 3​
    13·2 answers
  • Question 8 of 1010 Points
    10·1 answer
  • Please help me i’ll appreciate it
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!