Answer:
The lum sum that must be deposited today is $12,506.25 to have a future value of $25,000 in 9 years if the funds carn 8%, compounded annually.
Step-by-step explanation:
We are given:
Future value (A)=$25,000
Rate r =8% (0.08%)
Time t = 9
Compounded Annually n =1
We need to find:
Principal Amount (P) = ?
The formula used will be:
![A=P(1+\frac{r}{n})^{nt}](https://tex.z-dn.net/?f=A%3DP%281%2B%5Cfrac%7Br%7D%7Bn%7D%29%5E%7Bnt%7D)
Putting values and finding Principal Amount (P)
![A=P(1+\frac{r}{n})^{nt}\\25000=P(1+\frac{0.08}{1})^{9*1} \\25000=P(1+0.08)^{9} \\25000=P(1.08)^{9} \\25000=P(1+0.08)^{9} \\25000=P(1.9990)\\P=\frac{25000}{1.9990}\\\mathbf{P=12506.25 }](https://tex.z-dn.net/?f=A%3DP%281%2B%5Cfrac%7Br%7D%7Bn%7D%29%5E%7Bnt%7D%5C%5C25000%3DP%281%2B%5Cfrac%7B0.08%7D%7B1%7D%29%5E%7B9%2A1%7D%20%5C%5C25000%3DP%281%2B0.08%29%5E%7B9%7D%20%5C%5C25000%3DP%281.08%29%5E%7B9%7D%20%5C%5C25000%3DP%281%2B0.08%29%5E%7B9%7D%20%5C%5C25000%3DP%281.9990%29%5C%5CP%3D%5Cfrac%7B25000%7D%7B1.9990%7D%5C%5C%5Cmathbf%7BP%3D12506.25%20%7D)
So, The lum sum that must be deposited today is $12,506.25 to have a future value of $25,000 in 9 years if the funds carn 8%, compounded annually.
Your answer is 16 oz/1 lb
Answer:
4.625
Step-by-step explanation:
All you do is divide 15/24 and then add the four before the decimal, and BOOM there is your answer! Good Day!
Answer:
Let's assume the number is 100 now it is increased by 50% that means
100+ (50/100)*100
100+50=150
Now it is decreased by 25% that means
150- (25/100)*150
150–37.5=112.5
Total percentage increase ={(112.5–100)/100}*100
=12.5%
Step-by-step explanation: