Answer:
$10,234.31
Step-by-step explanation:
A suitable financial calculator or spreadsheet can evaluate the future value function for you. It will tell you that $10,234.31 must be deposited today to have $13,000 in three years, when interest is 8% compounded monthly.
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You are solving for P:
13000 = P(1 +0.08/12)^(12×3)
P = 13000/(1 +0.08/12)^36 ≈ 10,234.31
Answer:
Step-by-step explanation:
Answer:
87.47 cm
Step-by-step explanation:
112-24.53 is 87.47
Answer:
The amount for early withdrawal is $204
Step-by-step explanation:
Annual interest rate = 5% = 0.05
Investment = $24,000
Annual interest rate * Investment = Annual interest
0.05 * $24,000 = $1,200
Penalty = Two months of interest
(months/months in a year) * Annual interest
(2/12) * $1,200 = 0,17
0,17 * $1,200 = $204,00
1. Distributive Property.
<span>4(3a + 7) + 3(2a + 5)
12a + 28 + 6a + 20
2. Combine like terms
12a + 28 + 6a + 20
18a +48
The equivalent expression is 18a + 48. If a = anything then the expressions will still be equivalent.
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