Paul Havlik promised his grandson Jamie that he would give him $7,100 7 years from today for graduating from high school. Assume money is worth 8% interest compounded semiannually. What is the present value of this $7,100? (Use the Table provided.) (Do not round intermediate calculations. Round your answer to the nearest cent.)
Present value $
1 answer:
Answer:
Step-by-step explanation:
The formula for the future value (FV) of an investment earning compound interest is
where
PV = the present value (PV) of the money invested
r = the annual interest rate expressed as a decimal fraction
t = the time in years
n = the number of compounding periods per year
Data:
FV = $7100
r = 8 % = 0.08
t = 7 yr
n = 2
Calculation:
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P(x)=2x 4 −x 3 +2x 2 −6P, left parenthesis, x, right parenthesis, equals, 2, x, start superscript, 4, end superscript, minus, x,
Tresset [83]
Answer:
P = -x^3 +12 / x+6
Step-by-step explanation:
Let's solve for p.
px=(2)(4)−x3+(2)(2)−6p
Step 1: Add 6p to both sides.
px+6p=−x3−6p+12+6p
px+6p=−x3+12
Step 2: Factor out variable p.
p(x+6)=−x3+12
Step 3: Divide both sides by x+6.p(x+6)
x+6
=
−x3+12
x+6
p=
−x3+12
x+6
Answer:
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Step by Step:
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1/2 because you can simplify 4/8 and do 4 divided by 4 and 8 divided by 4 which is 1/2
Answer:
x=89
Step-by-step explanation:
180-91=89