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
astraxan [27]
3 years ago
9

What's the present value of $11,000 discounted back 5 years if the appropriate interest rate is 4.5%, compounded semiannually?

Mathematics
1 answer:
kotegsom [21]3 years ago
7 0

Answer:

Step-by-step explanation:

A = P[1 + (r/n)]^(nt)

Look the formula up online to find out what each variable represents if needed.

We are solving for P, which is the principal amount 5 years back.

Substitute 11,000 for A (total amount), 4.5% for r(rate), 2 for n(number of times -- in this case, semiannually), and 5 for t(time -- 5 years).

11000 = P[1+(0.045/2)]^(2x5)

11000 = P (1.0225)^10

11000 = P (1.2492)   approx.

Divide both sides by 1.2492 to find P.

P = $8805.64  (approx)

I know that the answer I got is not an option listed. However, I feel that my workings may help other people to answer this question or give them inspiration to answer similar questions. Therefore, I will leave this answer up.

Thanks, and sorry I couldn't do much.

You might be interested in
Please help its urgent
ankoles [38]

450/30

15

15/3x =5

x= 5

5+2y= 315

5-5+2y =315-5

2y = 310

2y/2 = 310/2

y=155

Step-by-step explanation:

450/45

10

2x+4y=450

2×5=10

10+(4×155)

=620/155

=4

10/5=2

3 0
3 years ago
Ronald states that The number 1/11 is not rational because when converted into a decimal it is not terminate Nathaniel says it’s
gregori [183]
Nathaniel is correct. fractions are rational numbers
5 0
3 years ago
What is the surface area of a square pyramid with the height of 3 and base of 4
yuradex [85]

Answer:

A≈16.65

Step-by-step explanation:

h Height  3  

AB Base area  4  

3 0
3 years ago
Solve A= a+b/2 for b
Neporo4naja [7]

Answer:

a=

1/0

Step-by-step explanation:

5 0
3 years ago
The function f is defined on the real numbers by f(x) = x + 2<br> What is the value of f(-3)?
kvasek [131]

Answer:

-1

Step-by-step explanation:

We can plug in -3 for x and solve:

f(-3) = -3 + 2

= -1

6 0
2 years ago
Other questions:
  • Maggie's brother is 3 years younger than twice her age. the sum of their ages is 24. write solve an equation to determine maggie
    14·1 answer
  • How many 1/4 yard long pieces of pipe can be cut from two 1 yard long pieces of pipe?
    14·2 answers
  • Which of the following grids correctly graphs the points A (3, 1), B (0, 3), and C (1, 3)? A. A coordinate plane has an x-axis f
    5·1 answer
  • What is the sum of the interior angles of the polygon shown below?
    14·1 answer
  • -1•f(-9)+7•g(6)=<br><br><br> A.32<br> B.34<br> C.36<br> D.38
    10·1 answer
  • If f(x) = -2x – 3 and g(x) = x2 – 1 find f(-3) + g(3).
    12·1 answer
  • What is the slandered form of equation y = -3/2 x + 5
    7·1 answer
  • In triangle ABC, B = 120°, a = 10, c = 18
    5·1 answer
  • Help pls i have 5 minss, no links
    10·2 answers
  • What is a scale factor in your own words
    5·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!