there is a sale at Ross for 60% off all sweaters. Angela found one that she really likes and the original price is $24.99 . what
1 answer:
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Answer:
The location of the point is between Quadrant II and Quadrant III
Step-by-step explanation:
we know that
The abscissa refers to the x-axis and ordinate refers to the y-axis
so
in this problem we have
the coordinates of the point are
see the attached figure to better understand the problem
The location of the point is between Quadrant II and Quadrant III
The amount of $7389.43 has to be invested at 5.9% interested continuously to have $15,000 after 12 years.
Step-by-step explanation:
The given is,
Future value, F = $15,000
Interest, i = 5.9%
( compounded continuously )
Period, t = 12 years
Step:1
Formula to calculate the present with compounded continuously,
...............(1)
Substitute the values in equation (1) to find the P value,
( ∵
)
( ∵
)
We change the P (Present value) into the left side,
≅ 7389.43
P = $ 7389.43
Result:
The amount of $7389.43 has to be invested at 5.9% interested continuously to have $15,000 after 12 years.