Answer:
$137,339.88
Step-by-step explanation:
Here is the equation for compound interest: A=P(1+(r/n))^nt
where A=amount of money, P=principal, r= rate in decimal, n=number of times compounded per t, and t=time
In this case:
A=$250,000
P= ?
r= 0.04
n= 12 month/yr
t= 15 yrs
You can manipulate the equation to solve for P:
P=A/[(1+(r/n))^nt]
Plug in variables then solve:
P= 
P=137339.8761 = $137,339.88
Answer:
30%
Step-by-step explanation:
24/80 = 0.3
move the decimal over 2 times and you'll get your answer
No because when -4 is substituted in for n the answer is 37 so it is not true
Answer:
I'm sorry I cant solve this without an X value but if you tell me the x value i'd be glad to help you out in the comment section below.
Step-by-step explanation: