"<span>A company will need 40,000 in 6 years for a new addition. To meet the goal, the company deposits money into an account today that pays 4% annual intrest compund quarterly." Let's pretend that the instructions state, "Determine the amount of money that must be deposited upfront so that you will have $40,000 in 6 years."
Use the Compound Amount formula: A = P(1 + r/n)^(nt),
where P is the principal (the amount deposited upfront), r is the interest rate as a decimal fraction, n is the number of compounding periods, and t is the time in years.
Here, $40000 = P(1 + 0.04/4)^(4*6)
$40000
So the upfront $ needed is P = -------------------------
(1+0.01)^24
This comes out to $31502.65 (answer)</span>
Answer:
Wow - you are asking a LOT of questions. The Monthly Payment Formula is really tricky so I'll solve that for you.
The time of the loan = 20 years * 12 = 240 months
We have to convert the annual rate to a monthly rate and that is done by:
monthly rate = 5.125 / 1,200 = 0.00427083333333333
Monthly pmt = 0.00427083333333333 + [0.00427083333333333 / (1.00427083333333333^240) -1 ] * 420,000
Monthly pmt = 0.00427083333333333 + [0.00427083333333333 / 2.7810190076 -1] * 420,000
Monthly pmt = (0.00427083333333333 +0.0023979718) * 420,000
Monthly pmt = 2,800.90
A calculator to double check is here: https://www.1728.org/calcloan.htm
Step-by-step explanation:
25 lb > 384 oz because 25 pounds is 400 ounces.
Answer:
En álgebra, el teorema del factor es un teorema que vincula factores y ceros de un polinomio. Es un caso especial del teorema del resto polinómico.
Step-by-step explanation:
You multiply both of the equations until you have two of the same term the same like for example, say I have 4x and 5x. You want to multiply until both have the same number, so multiply 5x by four, then multiply 4x by five, and you will get 20x, then both of those cancel out and you will be left with the other variable, and you just solve like a normal equation.
