Pls help w this question !! Determine the value of 2r² + r + 1 when: r= -0.2
2 answers:
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Answer:
C- Inverse
Step-by-step explanation:
Logarithmic example:
log₆ of 6, the answer is 1.
Exponential example:
= 6
These are inverses
hope this helps :)
Answer:
The principal investment required to get a total amount of $ 1,000,000.00 from compound interest at a rate of 6% per year compounded 12 times per year over 45 years is $ 67,659.17.
Step-by-step explanation:
Given
- Accrued Amount A = $1000000
- Interest rate r = 6% = 0.06
- Time period t = 45 years
- Compounded monthly n = 12
To determine:
- Principle amount P = ?
Using the formula
substituting A = 1000000, r = 0.06, t = 45, and n = 12
$
Therefore, the principal investment required to get a total amount of $ 1,000,000.00 from compound interest at a rate of 6% per year compounded 12 times per year over 45 years is $ 67,659.17.