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yKpoI14uk [10]
3 years ago
11

5. A new cable company charges its customers by the number of channels they order.

Mathematics
1 answer:
Nadusha1986 [10]3 years ago
4 0
I would say letter C, sorry if I’m wrong but that is what I would say
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How much money must be deposited now in an
Liono4ka [1.6K]

Answer:

\$487.48

Step-by-step explanation:

we know that    

The compound interest formula is equal to  

A=P(1+\frac{r}{n})^{nt}  

where  

A is the Final Investment Value  

P is the Principal amount of money to be invested  

r is the rate of interest  in decimal

t is Number of Time Periods  

n is the number of times interest is compounded per year

in this problem we have  

t=10\ years\\ A=\$1,000\\ r=7.25\%=7.25/100=0.0725\\n=4  

substitute in the formula above

1,000=P(1+\frac{0.0725}{4})^{4*10}  

1,000=P(\frac{4.0725}{4})^{40}

P=1,000/(\frac{4.0725}{4})^{40}

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...........................................
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