Ask question

Ask question

All categories

2 years ago

12

How much money would you need to deposit today at 7% annual interest

1 answer:

Monica [59]2 years ago

4 0

Answer:

$33,090.

Step-by-step explanation:

The formula is A = P( 1 + r/2)^2n so we have:

50,000 = P(1 + 0.07/2)^(6*2)

50000 = P * 1.035^12

P = 50000/ 1.035^12

= $33,090 to the nearest dollar.

You might be interested in

What is the value of q − 7 if q = −17?

sdas [7]

Answer:

-24

Step-by-step explanation:

-7 - 17 = -24.

3 0

6 months ago

Read 2 more answers

Ratio of 1/16 to 1/16

aleksklad [387]

Answer 1:16 is the answer

7 0

2 years ago

Read 2 more answers

PLEASE HELP! find the inverse matrix

Sauron [17]

Answer:

see explanation

Step-by-step explanation:

The inverse of a matrix A = $\left[\begin{array}{ccc}a&b\\c&d\\\end{array}\right]$ is

$A^{-1}$ = $\frac{1}{ad-bc}$ $\left[\begin{array}{ccc}d&-b\\-c&a\\\end{array}\right]$

If ad - bc = 0 then the matrix has no inverse

A = $\left[\begin{array}{ccc}11&-5\\3&-1\\\end{array}\right]$

ad - bc = (11 × - 1) - (- 5 × 3) = - 11 - (- 15) = - 11 + 15 = 4 , then

$A^{-1}$ = $\frac{1}{4}$ $\left[\begin{array}{ccc}-1&3\\-5&11\\\end{array}\right]$ = $\left[\begin{array}{ccc}-0.25&0.75\\-1.25&2.75\\\end{array}\right]$

3 0

2 years ago

Read 2 more answers

Explain how to use repeated addition to write the multiple of a fraction as a whole number and a unit fraction.

BlackZzzverrR [31]

Lets say you have 5x5. you would just add 5+5+5+5+5. To get a whole number for a fraction you have to do this. lets say you have 8/8 that would be equal to 8 circles and eight of those circles would be shaded in. 8/8 is one whole also 7/1 is a whole. It all depends on the problem you are trying to figure out

8 0

3 years ago

Read 2 more answers

Question 11 Find the value of y. X+ 13 45° No links please! Thanks for the help!

9966 [12]

Answer:

First option: $13 \sqrt{2}$

Step-by-step explanation:

$cosθ = \frac{adj}{hyp}$

$cos45° = \frac{13}{y}$

Multiply both sides by y:

$y(cos45°) = 13$

$y ( \frac{ \sqrt{2} }{2} ) = 13$

$y = 13 \div \frac{ \sqrt{2} }{2}$

$y = 13 \times \frac{2}{ \sqrt{2} }$

$y = \frac{26}{ \sqrt{2} } ( \frac{ \sqrt{2} }{ \sqrt{2} } )$

$y = \frac{26 \sqrt{2} }{2}$

$y = 13 \sqrt{2}$

7 0

2 years ago

Read 2 more answers