What’s the unit rate for 2550 gallons in 30 days round to the nearest hundredth
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Answer:
$6,322.11
Step-by-step explanation:
The future value of a lump sum (S) invested today at an interest rate 'r' for a period of 'n' years, if interest is compounded annually is:
In order to obtain $11,200 after 6 years, the required investment at a 10% rate per year is:
You need to deposit $6,322.11 today in order to reach your goal in 6 years.