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:
10
Step-by-step explanation:
-3x+7x-8=34+9x-2
(Combine like terms)
4x-8=32
(Add 8 to each side)
4x=40
(Divide by 4)
X=10
Answer:
Collin can invite maximum 6 guest to his retirement party.
Step-by-step explanation:
Total cost of retirement party = $24
Cost to be spend on each guest = $4
Number of guests to be invited in the retirement party= x


x = 6
Collin can invite maximum 6 guest to his retirement party.
The answer is D because microcosm is a community displaying characteristics of something larger.
Cos(38°) = x/44 ⇒ x = 44 * cos(38°) ≈ 34.7 units