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Luba_88 [7]
3 years ago
6

Find the present value that will grow $1000 if the annual interest rate is 7.5% compounded quarterly for 5 years

Mathematics
1 answer:
Reil [10]3 years ago
3 0

Answer:

911.3010934

Step-by-step explanation:

Formula:

A = P(1 + r/4)^n

In this case:

A = 100

P = ?

R = .075 (7.5%)

N = 5

---

1000 = P(1+.075/4)^5

1000 = P(1.01875)^5

1000 = P(1.097332163)

1000/1.097332163 = P

P = 911.301

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Step2247 [10]

Answer:

The answer is 91/10

Step-by-step explanation:

hope this helps

Solutions:

2 3/5÷2/7

13/5÷2/7

13/5×7/2

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That's why the answer is 91/10

6 0
3 years ago
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Vesna [10]

Answer:

yes

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Step-by-step explanation:

7 0
3 years ago
Need help real fast.
Nutka1998 [239]

Answer:

k=-2

Step-by-step explanation:

-1*-2=2

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-1*-2=20*-2=02*-2=-4

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4 0
3 years ago
bill takes a lone of 9,000,00. at 8% simple interest rate for 6 years, how much interest will he pay after 2 years? how much int
skelet666 [1.2K]

Answer:

5,760,000

Step-by-step explanation:

9000000 x 8 x (6+2)/100=90000 x 8 x 8

                                         =5,760,000

I added 2 to 6 because of the additional 2 years.

4 0
3 years ago
What’s the equation for getting the circumference of a circle
Sauron [17]

Answer:

Its 2πr^2

Step-by-step explanation:

2\pi  {r}^{2}

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