Answer: The 4 answers are x=18, x=3, x=48, x=81 1/2.
Step-by-step explanation: Isolate the variable by dividing by each side by factors that don't contain the variable.
Your answer is 21 for this one.
Answer:
Move the decimal point 3 times to the left.
Step-by-step explanation:
Answer:
The answer is D
Step-by-step explanation:
Just graph it. It is actually quite easy once graphed.
The future value of the investment if the interest is compounded monthly is $89,354.89.
<h3>What is the future value of the investment?</h3>
Given that;
- Principal P = $20,000
- Annual interest rate r = 5% = 5/100 = 0.05
- Time t = 30 years
- Compound monthly = 12
- Future value = A = ?
Using the compound interest formula;
A = P( 1 + r/n )^(nt)
We plug in our values.
A = 20000( 1 + 0.05/12 )^(12 × 30)
A = 20000( 1 + 0.0041666666666667)^(360)
A = 20000( 1.0041666666666667)^(360)
A = 20000( 4.46774965 )
A = 89354.89
Therefore, the future value of the investment if the interest is compounded monthly is $89,354.89.
Learn more about compound interest here: brainly.com/question/21270833
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