You are trying so solve
<span><span>3^x</span>=8</span>
and since 8 is not an integral power of x you need a calculator.
it is <span><span>ln(8)/</span><span>ln(3)</span></span>
or
<span><span><span>log(8)/</span><span>log(3)</span></span></span>
That's simplied already, unless they want a decimal then it's .6 or something
(2.0×10^-4)×(3.1×10^-20)
=(2.0×3.1)×(10^4×10^-20)
=6.2×10^(-4+(-20))
=6.2×10^-24. Hope it help!
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.