We are given with the following:
Effective annual interest, i = 0.0425
Future worth, F = $25000
Number of years, n = 18
We use the formula to solve for the present worth of the money:
P = F / (1 + i)^n
P = 25000 / (1 + 0.0425)^18
P = 11818.73
The closest answer is:
<span>b.
$11,820</span>
Answer:
1. 1.6x has a variable which means an unknown number
2. 5 more than 0.10 times a number
Step-by-step explanation:
A variable is an unknown number represented by a letter. It provides a way to write a relationship in the real world without knowing all the values involved, 1.6x means 1.6 times an unknown number mathematically. A real world example would be a percent growth of 60% on an unknown price - 1.6x.
5 + 0.10x means 5 more than 0.10 times an unknown number. A real world example here would be "10% off a sale plus $5 coupon". We don't know the price of the item but we do know it is 10% off and we get $5 off. Once we know the price we input it int for x and find the total discount.
10,20,30,40,50,60,70,80,90,100….etc
Area of rectangle = width * length
So,
A = 75 * 18
A= 1350 inch^2
Convert inches to feet
1350 * 0.0833 = 112.5 ft^2
answer:The rule of 72 says that an amount will double when the product of the percentage and the number of years equals 72...so for 8 years, you would need to earn 9%
