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
SOVA2 [1]
3 years ago
5

How much would you need to invest on your 16th birthday at 3% per year, compounded quarterly, to have $750,000 by your 60th birt

hday? (TVM Solver)
Mathematics
1 answer:
ZanzabumX [31]3 years ago
8 0
A=p (1+r/k)^kn

A future value 750000
P present value ?
R interest rate 0.03
K compounded quarterly 4
N time 60-16=44 years

P=A/(1+r/k)^kn
P=750,000÷(1+0.03÷4)^(4×44)
p=201,340.72
You might be interested in
One can use two-dimensional objects to build three-dimensional objects?<br><br> True or False?
Harlamova29_29 [7]

Answer:

TRUE

Step-by-step explanation:

3 0
3 years ago
Read 2 more answers
Jeff typically makes three out of nine attempted free throws. What's the average waiting-time for Jeff to make his first basket,
miss Akunina [59]
3/9 = 1/3 Of The Free Throws & 11 Seconds To Shoot The Free Throw
4 0
3 years ago
A car salesman sells cars with prices ranging from $5,000 to $45,000. The histogram shows the distribution of the numbers of car
Ierofanga [76]

Answer:

D. The mean will shift to the left.

Because if they sell lower priced cars it will bring the average price down causing the mean to move to the left


7 0
3 years ago
Read 2 more answers
How many sets of parallel lines in a trapazoid
Natasha_Volkova [10]
Two. <span>The top and bottom are parallel to each other, as are the two sides.</span>
5 0
3 years ago
Read 2 more answers
Help please thank you ASAP
-Dominant- [34]
Do not go to that link it is a virus
8 0
2 years ago
Other questions:
  • In a certain sequence of numbers, each term after the first is found by doubling and then adding $3$ to the previous term. If th
    9·1 answer
  • Someone plz help me with this
    14·1 answer
  • Micaela is 2 years older than Sam. In 4 years, the sum of their ages will be 40. How old is Micaela now? Sam is 15.
    12·2 answers
  • The ratio of blueberries and strawberries is 1:7. If there are 210 strawberries how many blueberries are there?
    7·1 answer
  • Given: AB with point C between A and B. AB = 10x + 20, AC = 2x + 13, and CB = 10x - 9.
    7·1 answer
  • How big is a piece of A4 paper?​
    6·1 answer
  • Pls help i will mark you brainliest
    5·1 answer
  • A rectangles length is 2 meters greater than its width if the e perimeter is greater than 112 what is the rectangles possible wi
    6·1 answer
  • Helppp plzzzzzzz..………..
    8·2 answers
  • If f(x) = 5x + 40, what is f(x) when x = -5?<br> 0-8<br> 0.7<br> O 15
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!