Answer:
$ 50,340.97
Step-by-step explanation:
From the above question, we can deduce that we are to find the Initial amount invested which is also called the Principal.
The formula to find Principal in a compound interest question is:
P = A / (1 + r/n)^nt
Where:
A = Total Amount obtained after invested = $80,000
r = Interest rate = 3.1% = 0.031
n = number of times interest in compounded = Quarterly = 4
t = time in years = 15
P = $80,000/(1 + 0.031/4)^4 × 15
P = $80,000/(1 +0.00775)^60
P = $ 50,340.97
Hence, James would have to invest $50,340.97 today to have $80,000 in 15 years.
(–23) – 45 – (–98) =–23 – 45 +98=-68+98=30
Answer:
the balance is 2075 dollars
Step-by-step explanation:
The answer is 2075 because 1.25% of 2000 is 25 and 25 multiplied by 3 is 75 and 75 plus 2000 is 2075.
P.S Can I have brainliest?
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