Present value, PV = $500
Future value, FV = 2*PV = 2*500 = $1,000
Rate, r = 4% = 0.04
Compounding times in a year, n = 4 (compounded quarterly)
Time, t = ??
The future value expression is stated as:
FV = PV (1+r/n)^nt
Substituting;
1000 = 500 (1+0.04/4)^4t
2 = (1.01)^4t
ln 2 = 4t ln 1.01
0.6931 = 4t* 0.00995
0.6931 = 0.0398t
t = 17.414 years
Time required for the amount to double is 17.41 years.
Answer:
there are 3 ways that it can be 10:
6,4
5,5
4,6
Answer:
0.3636 repeating
Step-by-step explanation:
When you divide them, it is 0.36363636 going on forever.
Answer: The surface area of the planter will be 120.5 square feet.
Step-by-step explanation: in our shape, we will have 5 sides. The base and the four sides going up from each edge of the base.
The base will be 7 x 5 = 35 square feet.
The front and back side will each be 7 x 0.75 = 5.25 square feet.
The left and right side will each be 5 x 0.75 = 3.75 square feet.
If we add up the 5 faces we get:
35 + 5.25 + 5.25 + 3.75 + 3.75 = 120.5 square feet
