Im not sure but i found the answer as n= 52
Answer:159
Step-by-step explanation:
ur welcome
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Answer: he should invest $16129 today.
Step-by-step explanation:
Let $P represent the initial amount that should be invested today. It means that principal,
P = $P
It would be compounded annually. This means that it would be compounded once in a year. So
n = 1
The rate at which the principal would be compounded is 7.6%. So
r = 7.6/100 = 0.076
The duration of the investment would be 6 years. So
t = 6
The formula for compound interest is
A = P(1+r/n)^nt
A = total amount in the account at the end of t years.
A = 25000
Therefore
25000 = P(1+0.076/1)^1×6
25000 = P(1.076)^6
25000 = 1.55P
P = 25000/1.55
P = $16129
Answer:
Attached is the sketch
X-axis intersections:
(-3,0)
(0,0)
(1,0)
Points of inflection:
(-1,319,-2.881) Concave upward
(0.569,1.041) Concave downward
Step-by-step explanation:
Desmos (I'm not allowed to post the link, pls search it up) is a great help for these type of problems!
