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3 years ago

What is the present value of 6000 received 14 years from today when the interest rate is 10%

Mathematics

1 answer:

likoan [24]3 years ago

3 0

Answer:

$14400

Step-by-step explanation:

Given data

Principal= 6000

Time= 14 years

Rate= 10%

Let us use the simple interest expression to find the final amount

A=P(1+rt)

substitute

A=6000(1+0.1*14)

A=6000(1+1.4)

A=6000*2.4

A=$14400

Hence based on a simple interest model the final amount is $14400

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Answer:

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General Formulas and Concepts:

Pre-Algebra

Order of Operations: BPEMDAS

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3 years ago

If g is the inverse of the function f(x) = sqrt(x - 6) - 10 , which of the following is g?

iren2701 [21]

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Step-by-step explanation:

Given:

$f(x) =\sqrt{x-6}-10$

If g(x) is the inverse of f(x), find it.

Swap x with g(x) and f(x) with x:

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2 years ago

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lys-0071 [83]

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2 years ago

Read 2 more answers