Amount must the owner make to have the cost of the ski lift in 5 years is $6,711,045.22.
<h3>
What is compound interest?</h3>
Compound interest is the addition of interest to the principal sum of a loan or deposit, or in other words, interest on principal plus interest.
A = P(1 + r/n)
P =5,500,000
r =4%= 0.004
n =4
t= 5 years.
Now,
A = P(1 + r/n)
A = 5,500,000.00(1 + 0.04/4)
A = 5,500,000.00(1 + 0.01)
A = $6,711,045.22
Hence, The total amount accrued is $6,711,045.22.
Learn more about compound interest here:
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Answer:
55 degrees
Step-by-step explanation:
a line is 180 degrees. also, all angles in any triangle add up to 180 degrees. so, find the missing angle in the triangle by 180-30-25=125 degrees. Then to find angle 4, 180-125=55 degrees.
Answer:
The sum is 1
Step-by-step explanation:
When you add a negative number to a positive number, it is basically just subtracting the negative from the positive. To make it simple, 5 + -4 is just 5 - 4.
Hannah was wrong in saying you take the sign of the larger number because it would not matter if the first number was a million, the signs don't change based on the size of numbers.
Answer:
y=2x
Step-by-step explanation:
It goes up by 2 units every x value so
