9514 1404 393
Answer:
$737,289
Step-by-step explanation:
The future value of an investment P invested at rate r per year compounded monthly for t years is ...
FV = P(1 +r/12)^(12·t)
We want to find P for the given future value, so we can solve for that:
P = FV/(1 +r/12)^(12·t) = FV(1 +r/12)^(-12·t)
P = $2,000,000(1 +.05/12)^(-240) = $737,289
Mr. Halpayne needs a present value of $737,289 to support his retirement.
The answers are x+1=4, -5+x=-2, and 2+x=5. The x equals 3.
Your welcome
Answer:
0
Step-by-step explanation:
Answer:
8 and -18
Step-by-step explanation:
Answer:
i don't know i just need the points.
Step-by-step explanation:
