Answer:
The principal investment required to get a total amount of $ 1,000,000.00 from compound interest at a rate of 6% per year compounded 12 times per year over 45 years is $ 67,659.17.
Step-by-step explanation:
Given
- Accrued Amount A = $1000000
- Interest rate r = 6% = 0.06
- Compounded monthly n = 12
To determine:
Using the formula
substituting A = 1000000, r = 0.06, t = 45, and n = 12
$
Therefore, the principal investment required to get a total amount of $ 1,000,000.00 from compound interest at a rate of 6% per year compounded 12 times per year over 45 years is $ 67,659.17.
Answer:
74 inches
Step-by-step explanation:
If his cousin is 40 inches tall, and Zach is 6 inches less than twice his height, solve for 40*2-6, which is 74.
Note on how to solve such equation:
This is a quadradic equation. The figure shown is a parabola. This parabola opens downward. Now, this information is not necessary important for this particular situation; however, it needs to be retained for said class or for the near future.
The equation for a quadradic function is: f(x)=x^2+2
when x=-2, y=1
Problem 1
subtract 3 x
5y=-3x+11
divide 5
y=3/5x+2.2'
Problem 2
add 5x
7y=5x+9
divide 7
y=5/7x+1.3'
'notice'
you can put 2.2 into a fraction (11/5) and 1.3 (9/7) if your teacher allows it, but i put them into decimals
