Answer:
PV= $40,279.36
Step-by-step explanation:
Giving the following information:
Number of periods= 8*12= 96 months
Interest rate= 0.039/12= 0.00325
Future value (PV)= $55,000
<u>To calculate the initial investment, we need to use the following formula:</u>
PV= FV/(1+i)^n
PV= 55,000 / (1.00325^96)
PV= $40,279.36
Your proof is correct and very well done
Answer:The reason there is no commutative property for subtraction or division is because order matters when performing these operations.
Step-by-step explanation:
The correct answer is C.
Perpendicular lines have opposite reciprocal slopes. This mean you will flip the original number upside down, and change its sign (negative to positive and vice versa). So, the opposite of -1/4 will be 4.
