Ask question

Ask question

All categories

2 years ago

15

What is the present value of an investment that will be worth $6000 at the end of five years? Assume an APR of 6% compounded mon

thly. (Round your answers to the nearest cent.)

1 answer:

musickatia [10]2 years ago

4 0

Answer:

4448.23

Step-by-step explanation:

$AV=PV(1+\frac{i}{n})^{nt}\\\\6000=PV(1+\frac{.06}{12})^{5*12}\\\\6000=PV*1.3488\\\\PV= 4448.23$

You might be interested in

It says to use rounding or compatible numbers to estimate the sum.<br> first problem is 24 + 8

KonstantinChe [14]

The estimated sum is 30.

4 0

3 years ago

Need help please and thanks

madreJ [45]

Answer:

2. n = 11

4. g = -2

6. t = 21

8. n = 4

10. y = -1

Step-by-step explanation:

2. 63 = -3(1 - 2n)

Dividing both the side by negative 3 we get

$-21=1-2n\\2n=1+21\\2n=22\\n=\frac{22}{2} \\\therefore n=11$

4. -g + 2(3 + g) = -4(g + 1)

First we will open the bracket by distributive property A( B +C) = AB + AC

$-g+2\times 3 + 2\times g = -4\times g + -4\times 1\\-g+6+ 2g=-4g-4\\\textrm{we will take all the g term the left side and the constant to the right side}\\4g-g+2g=-6-4\\5g=-10\\g=\frac{-10}{5}\\\therefore g=-2$

6.-3(t +5 ) + (4t + 2) = 8

Using distributive property A( B +C) = AB + AC we get

$-3\times t + -3\times 5 + 4t + 2=8\\-3t-15+ 4t + 2=8\\t=8+15-2\\t=21\\\therefore t=21\\$

8. -8 - n = -3(2n -4)

Using distributive property A( B +C) = AB + AC we get

$-8 - n = -3\times 2n - -3\times4\\-8-n=-6n+12\\\textrm{all the n terms to the left inside and the constant of the right-hand side}\\6n-n=8+12\\5n=20\\n=\frac{20}{5}\\ \therefore n= 4$

10. -4( 2 - y) + 3y = 3(y - 4)

Using distributive property A( B +C) = AB + AC we get

$-4\times 2 --4\times y + 3y = 3\times y -3\times 4\\-8+4y+3y =3y-12\\\textrm{all the y terms to the left side and the constant to the right side}\\4y+3y-3y=-12+8\\4y=-4\\y=\frac{-4}{4}\\ \therefore y=-1$

7 0

3 years ago

Solve the equation for x. 2x2 − 72 = 0 Enter you solution in set notation.

CaHeK987 [17]

Answer:

The set of solution is {-6,6}

Step-by-step explanation:

That means 2x^2-72=0?

If yes, here the solution for this:

x^2-36=0 (divise both sides by 2)

x^2=36

x^2=6^2

We have x=6 or x= - 6

The set of solution is {-6,6}.

Hope that useful for you.

4 0

2 years ago

Y = 4x - 5 + 3 The domain of this function is . The range of this function is .

Katen [24]

Answer:

Negative infinity to infinity, 3 to infinity.

5 0

2 years ago

Read 2 more answers

Simplify: -3 1/2-(-12 1/4) mi

nasty-shy [4]

Answer: 35/4 miles..... (Hopefully I read correctly)

Step-by-step explanation:

(-7/2)-(-49/4)

(-7/2)+49/4

-14/4+49/4

35/4

Hope this helps!

6 0

3 years ago