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atroni [7]
3 years ago
12

grandpa joe wants to open an account for his grandchildren that he hopes will have $80,000 in it after 20 years. how much must h

e deposit now into an account that yields 2.75% interest, compounded monthly, so he can be assured of reaching his goal?
Mathematics
1 answer:
kirill [66]3 years ago
3 0

Answer:

$46185.04

Step-by-step explanation:

80000 = X(1 + 0.0275/12)^(20×12)

X = 46185.03749

You might be interested in
the sum of three numbers is twenty. the second number is four times the first and the sum of the first and third is eight. what
8090 [49]
Let's call the three numbers x, y, and z. 


The numbers are 3, 12, and 5.
x + y + z = 20
y = 4x
x + z = 8
We can rewrite the first equation because y is 4x, so 
x + 4x + z = 20
5x + z = 20
And now we can use simultaneous equation rules to solve

5x + z = 20
x + z = 8

5x + z = 20
5x + 5z = 40
(subtract)
-4z + -20
÷ -4
z = 5

x + z = 8
x + 5 = 8
x = 3

y = 4x
y = 4 × 3
y = 12

I hope this helps!
4 0
3 years ago
How do you solve this
mina [271]

Answer:

D. The m<4 is 137°

< 4 = 180 \degree  - 43 \degree \\  < 4 = 137 \degree

5 0
2 years ago
It takes Fred 32 minutes to type and spell check 5 pages of a manuscript. Find how long it takes
sveta [45]

Answer:

26

Step-by-step explanation:

we \: rounded \: it \: to \: the \: nearest \: whole \: number

6 0
2 years ago
I dont quite understand this.. Check the picture and help
wariber [46]

5) 74.925

6) 470

i think this is correct but i'm not completely sure

6 0
2 years ago
Recipe<br> 1/2 lemonade 1 1/2 iced tea. If 16 cups made how any cups of lemonade and iced tea
larisa86 [58]

Answer:

8 lemonade and 24 iced tea

Step-by-step explanation:

1/2=0.5

0.5x16=8 lemonade

1 1/2=3/2=1.5

1.5x16=24 iced tea

6 0
3 years ago
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