Using compound interest, it is found that he must deposit $56,389.
Compound interest:
- A(t) is the amount of money after t years.
- P is the principal(the initial sum of money).
- r is the interest rate(as a decimal value).
- n is the number of times that interest is compounded per year.
- t is the time in years for which the money is invested or borrowed.
In this problem:
- Hopes to have $80,000 in 20 years, thus
. - Interest rate of 1.75%, thus
. - Compounding monthly, thus

- The investment is of P, for which we have to solve.
Then:




He must deposit $56,389.
A similar problem is given at brainly.com/question/25263233
Answer:
F. 5:4
Step-by-step explanation:
Solve for a and c to find the ratio of a to c:
- 2a = 3b
- a = 3/2(b)
- 6b = 5c
- c = 6/5(b)
Now, we can use the value of a and c to find the ratio of a to c:
- (3/2(b))/(6/5(b))
- 3b/2 × 5/6b
- 15b/12b
- 5/4
F. 5:4 is the correct answer
Answer:
B
Step-by-step explanation:
Triangle B because 128°>90°
Answer: 17.928666
Step-by-step explanation:
(-1) to the power of an even number is +1.
(-1) to the power of an odd number is -1.
Since 50 is an even number, (-1)⁵⁰ = 1.