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MrRa [10]
3 years ago
5

Present value sura wiggle would like to make a single investment have 2.2 million at the time of her retirement in 28 years she

has found a mutual fund that will earn 7% annually how much will Sarah have to invest today if there are an annual return of 15%
Mathematics
1 answer:
levacccp [35]3 years ago
3 0

Answer:

if the annual interest rate is 7%, then you need to invest:

present value = future value / (1 + i)ⁿ

  • future value = $2,200,000
  • i = 7%
  • n = 28 years

present value = $2,200,000 / (1 + 7%)²⁸ = $330,884.87

if the interest rate is 15%, the you need to deposit a smaller amount:

present value = future value / (1 + i)ⁿ

  • future value = $2,200,000
  • i = 15%
  • n = 28 years

present value = $2,200,000 / (1 + 15%)²⁸ = $43,942.34

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Stephen makes wooden shelves for his room he starts with a board that is 20 feet long.Stephen wants to make the shelves 3/4 foot
jek_recluse [69]

The number of shelves stephen can make is approximately 27

<h3><u>Solution:</u></h3>

Given that Stephen makes wooden shelves for his room

Stephen wants to make the shelves 3/4 foot long

He starts with a board that is 20 feet long

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So the number of shelves stephen can make can make is found out by dividing 20 feet long board by 3/4 foot long

\text {number of shelves }=\frac{\text { total length of board stephen has }}{\text { length of each board }}

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3 0
3 years ago
give the slope of the line (if it exists) and the y intercept (if it exists) and graph the line 5y=3. what is the slope?​
OLga [1]

Answer:

0

Step-by-step explanation:

4 0
3 years ago
Write an expression for the sequence of operations described below. triple v, then subtract 7 from the result Do not simplify an
oee [108]

Given:

The sequence is defined as "triple v, then subtract 7 from the result".

To find:

The expression for the given sequence.

Solution:

Triple v means 3 times of v, i.e., 3v.

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Then subtract 7 from the result. So, the expression for the sequence is

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Therefore, the required expression is 3v-7.

6 0
3 years ago
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natulia [17]

Answer:

for the third one 2/5 for the fourth one 3/5

Step-by-step explanation:

For the first one, I put 10/25 as a fraction and found the least common multiple, which is 5. I then simplified, and got 2/5.

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hope this helps if it doesn't I will correct myself :)

8 0
2 years ago
Read 2 more answers
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