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weeeeeb [17]
4 years ago
6

You want to have $40,000 for a down payment on a house 4 years from now. if you can earn 5.6 percent, compounded annually on you

r savings, how much do you need to deposit today to reach your goal?
Mathematics
1 answer:
NeX [460]4 years ago
8 0
You need a compound interest formula solved for principal:
Principal = Total ÷ (1 + Rate)<span> ^ years
</span><span>
Principal = 40,000,/ (1.056) ^ 4
</span><span><span><span>Principal = 40,000 / 1.2435282985 </span> </span> </span>
Principal = <span> <span> <span> 32,166.54 </span> </span> </span>
So, 32,166.54 deposited for 4 years at 5.6% interest (compounded annually) produces $40,000.

Source:
http://www.1728.org/compint2.htm


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 A plane and a line can intersect in a point true or false
tester [92]

Answer:

True

Step-by-step explanation:

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3 years ago
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Colin rides his bike 10 and a half miles every morning and 12 and 1/4 miles every afternoon on Monday he wrote his usual distanc
jeka94
12 1/4- 1 1/2 >>> Convert fractions to decimals:
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I really need help please answer!
Leto [7]

Answer:

-2, b, a+c

Step-by-step explanation:

7 0
4 years ago
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19. Two angles are supplementary. The measure of one angle is four times the measure of the other angle. Find the measure of eac
Marysya12 [62]

36 and 144

Explanation

Two Angles are Supplementary when they add up to 180 degrees

Step 1

Let

x= angle 1

y= angle2

The measure of one angle is four times the measure of the other angle,then

\begin{gathered} \text{angle}1=4\cdot\text{angle}2\text{    } \\ x=4y\text{   Equation(1)} \end{gathered}

x and y are supplementary angles , then

x+y=180\text{   Equation (2)}

Step 2

use Equation (1) and (2) to find x and y

\begin{gathered} x=4y \\ x+y=180 \end{gathered}

replace Equation (1) in Equation (2)

\begin{gathered} 4y+y=180 \\ 5y=180 \\ y=\frac{180}{5} \\ y=36 \end{gathered}

replace the value of y= 36 in equation (1) to find x

\begin{gathered} x=4y \\ x=4\cdot36 \\ x=144 \end{gathered}

Hence, the answer is 36 and 144

8 0
1 year ago
Better anian shows at 50 pounds of dogs get 0.5 milligrams of a certain medicine and that the number of milligrams various direc
miss Akunina [59]

Answer:

Medicine to 10 pound dog = 0.1 milligrams  

Step-by-step explanation:

Given:

Medicine to 50 pound dog = 0.5 mg

Weight of dog = 10 lb

Find:

Amount of medicine

Computation:

Medicine to 1 pound dog = 0.5 mg / 50

Medicine to 10 pound dog = [0.5 mg / 50] 10

Medicine to 10 pound dog = 0.1 milligrams  

7 0
3 years ago
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