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
Aleksandr [31]
3 years ago
13

How much would you need to deposit in an account now in order to have $8000 in 8 years. Account earns 6% compounded monthly.

Mathematics
1 answer:
Slav-nsk [51]3 years ago
8 0

Answer:

Step-by-step explanation:

let P be amount deposited.

8000=P(1+\frac{6}{1200})^{8 \times 12}\\8000=P(1.005)^{96}\\p=\frac{8000}{(1.005)^{96}}\\\approx~4956.19 $

P≈$4956.19

You might be interested in
In quadrilateral ABDC, AB ∥ CD. Which additional piece of information is needed to determine that ABDC is a parallelogram?
N76 [4]
Since the definition of a parallelogram literally says that it's a quadrilateral with 2 parallel sides, we have AB || CD so the 2 other sides (AC and BD) need to be either similar or parallel (either works, due to that if they're similar we can prove that since AB || CD that they're parallel). B is our answer
3 0
2 years ago
Read 2 more answers
a tram moved downward 15 meters in 5 seconds at a constant rate. what was the change in the team's elevation each second?​
Sergio [31]

Answer:  3 meters downward per second

Step-by-step explanation:

If it moved downward 15 meters for every 5 seconds and to find the change in the elevation each second then divide the meters by 5.

15/5 =  3  

3 meters  per second

4 0
2 years ago
Michael got a loan for the Playstation 5. His loan was $600. At a 3.75% interest rate he had to pay $7.50 in interest. How long
Semmy [17]

Answer:

4 mo.

Step-by-step explanation:

I = PRT      P = 600    R = .0375    I = 7.50

7.50 = 600(.0375)T

7.5 = 22.5T

T = 7.5/22.5 = 1/3 yr = 4 mo.

6 0
2 years ago
Divide (- 6 + i)/(1 - 2i) =
Kaylis [27]

~~~\dfrac{(-6 +i)}{(1- 2i)}\\\\\\=\dfrac{(-6+i)(1+2i)}{(1-2i)(1+2i)}\\\\\\=\dfrac{-6-12i+i+2i^2}{1-(2i)^2}\\\\\\=\dfrac{-6-11i-2}{1+4}~~~~~~~~~~~~~;[i^2=-1]\\\\\\=\dfrac{-8-11i}{5}\\\\\\=-\dfrac 85-\dfrac{11}{5}i

4 0
1 year ago
Read 2 more answers
True or False ?
Gnoma [55]
True the answer is true babes :)
4 0
3 years ago
Other questions:
  • At a local shelter, 36 people volunteered to help prepare meals for disaster victims. If this represented 9/16 of the volunteers
    14·1 answer
  • What is 0.72 as a percentage?
    6·2 answers
  • What is 670,130,000 km in scientific notation
    15·2 answers
  • I don't get V=(4/3)pie r spuared
    9·1 answer
  • Given p(x) = 2x3 − 8x2 + 13x − 21, ___ is a factor because ___.
    9·1 answer
  • The difference between three times a number and four more than two times the number
    15·1 answer
  • Which of the following represents the sentence shown? “Twice a number, n, decreased by six is fourteen.”
    10·1 answer
  • Please help me I would really appreciate it
    12·2 answers
  • Please help the assignment is due today
    7·2 answers
  • The denominator of a fraction is greater than the numerator by 8. If the numerator is increased by 17 and denominator is decreas
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!