Answer:
false
Step-by-step explanation:
Answer:
D) x=-1, x=-9
Step-by-step explanation:
x=-1, x=-9
Answer:
what's the slope of what
Step-by-step explanation:
Send a pic or something.
Future value 1000 a year from now. We are expected to pay about 6% less today to get the future value.
So the answer should be around $940, which makes an easy choice.
However, to make sure, we use the compound interest formula:
F=P(1+i)^n
where i=6%/12=0.005 [monthly interest]
n=1year * 12 months / year = 12 months
1000=P(1.005)^12
=>
P=1000/1.005^12=$941.91 is what needs to be deposited today.