Answer: $249,300
Step-by-step explanation:
The exact formula would be if I think this is right
PV = PMT(1-(1+r)^-n)/r with r & n adjusted for periodicity
= 1400(1-(1+.054/12)^-360)/(.054/12)
= $249,318.47
which you can round off to, say, $249,300 <------
note:
counterchechecked with a financial calculator
Answer:
A = $10,441.68
A = P + I where
P (principal) = $10,400.00
I (interest) = $41.68
Step-by-step explanation:
First, convert R as a percent to r as a decimal
r = R/100
r = 0.02/100
r = 0.0002 rate per year,
Then solve the equation for A
A = P(1 + r/n)nt
A = 10,400.00(1 + 0.0002/2)(2)(20)
A = 10,400.00(1 + 0.0001)(40)
A = $10,441.68
Summary:
The total amount accrued, principal plus interest, with compound interest on a principal of $10,400.00 at a rate of 0.02% per year compounded 2 times per year over 20 years is $10,441.68.
This question is incomplete. Can you maybe add more information?
Hello
To find an equal ratio, you can either multiply or divide each term in the ratio by the same number (but not zero). For example, if we divide both terms in the ratio 3:6 by the number three, then we get the equal ratio, 1:2.
Answer:
x = 4√5
General Formulas and Concepts:
<u>Pre-Algebra</u>
Order of Operations: BPEMDAS
- Brackets
- Parenthesis
- Exponents
- Multiplication
- Division
- Addition
- Subtraction
Equality Properties
- Multiplication Property of Equality
- Division Property of Equality
- Addition Property of Equality
- Subtraction Property of Equality<u>
</u>
<u>Trigonometry</u>
[Right Triangles Only] Pythagorean Theorem: a² + b² = c²
- a is a leg
- b is another leg
- c is the hypotenuse<u>
</u>
Step-by-step explanation:
<u>Step 1: Define</u>
Leg <em>a</em> = 8
Leg <em>b</em> = 4
Hypotenuse <em>c</em> = <em>x</em>
<em />
<u>Step 2: Solve for </u><em><u>x</u></em>
- Substitute in variables [Pythagorean Theorem]: 8² + 4² = x²
- Evaluate exponents: 64 + 16 = x²
- Add: 80 = x²
- [Equality Property] Square root both sides: √80 = x
- Rewrite: x = √80
- Simplify: x = 4√5
