Answer:
The principal investment required to get a total amount of $ 1,000,000.00 from compound interest at a rate of 6% per year compounded 12 times per year over 45 years is $ 67,659.17.
Step-by-step explanation:
Given
- Accrued Amount A = $1000000
- Interest rate r = 6% = 0.06
- Compounded monthly n = 12
To determine:
Using the formula


substituting A = 1000000, r = 0.06, t = 45, and n = 12


$
Therefore, the principal investment required to get a total amount of $ 1,000,000.00 from compound interest at a rate of 6% per year compounded 12 times per year over 45 years is $ 67,659.17.
Answer:$20250
Step-by-step explanation:
6.5% of 30000
6.5/100 x 30000
(6.5 x 30000)/100
195000/100=1950
First year depreciation 30000-1950=28050
Second year=28050-1950=26100
Third year=26100-1950=24150
Fourth year=24150-1950=22200
Fifth year=22200-1950=20250
Answer:
495 combinations of 4 students can be selected.
Step-by-step explanation:
The order of the students in the sample is not important. So we use the combinations formula to solve this question.
Combinations formula:
is the number of different combinations of x objects from a set of n elements, given by the following formula.

How many combination of random samples of 4 students can be selected?
4 from a set of 12. So

495 combinations of 4 students can be selected.
List the degrees from least to greatest ie, 11,7,7,6,4,3 then the first is ur degree. So the answer is D. 11