1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
aev [14]
3 years ago
12

You want to have 80000 college fund in 12 years. How much will you have to deposit now under the scenario below. Assume that you

make no deposits into the account after the initial deposit.
An APR of 7.5​% compounded daily
Mathematics
1 answer:
stealth61 [152]3 years ago
3 0

9514 1404 393

Answer:

  $32,528.58

Step-by-step explanation:

For simplicity, we'll assume each year has 365 days.

The future value A of principal amount P at rate r compounded daily for t years is ...

  A = P(1 +r/365)^(365t))

We want P when A = 80,000, r = 0.075, and t = 12.

  P = A/(1 +r/365)^(365t)

  P = $80000/(1+0.075/365)^(365·12) ≈ $32,528.58

You will have to deposit about $32,528.58.

You might be interested in
Find each measure.
andreyandreev [35.5K]

Answer:

The BMW E30 is the second generation of BMW 3 Series, which was produced from 1982 to 1994 and replaced the E21 3 Series. The model range included 2-door sedan and convertible body styles,[4][5] as well as being the first 3 Series to be produced in 4-door sedan and wagon/estate body styles. It was powered by four-cylinder petrol, six-cylinder petrol and six-cylinder diesel engines, the latter a first for the 3 Series. The E30 325iX model was the first BMW to have all-wheel drive.

Step-by-step explanation:

4 0
3 years ago
Giving brainlist to whoever answers
AURORKA [14]

Answer:

false

Step-by-step explanation:

False

5(9)(3.2)

45*3.2=144

Hope this helps :)

6 0
2 years ago
How many solutions is in x + 5 = 0
Natasha_Volkova [10]

Answer:

1 answer which would be -5+5 which =0

Step-by-step explanation:

8 0
3 years ago
There are 100 balloons in total the ratio between the yellow and blue balloons is 8 to 12 how many are yellow
Virty [35]

If you have 8 yellow balloons for every 12 blue balloons, then if you have 20 balloons in total, 8 out of 20 of those balloons will be yellow. Then you can set up this ratio.

Then, you can use either cross multiplication or multiply the numerator and denominator by the same number to help solve for x. Personally, I prefer cross multiplication.

Finally, solve for x and if you had 100 balloons, you will have 40 yellow balloons.

4 0
3 years ago
Read 2 more answers
Which sum represents the partial fraction decomposition of 8x^ 4 + 3x^3- 115x^2- 39x+200/ 3x (x^2-10)^2
Sever21 [200]

Answer:It's the last option again. You have 1 linear factor (3x) and 2 copies of a quadratic factor (x² + 10), and the partial fractions with the quadratic factor need to have a linear polynomial in the numerator.

Step-by-step explanation:

4 0
3 years ago
Read 2 more answers
Other questions:
  • John must have at least 289 test points to pass his math class. He already has test scores of 72, 78, and 70. Which inequality w
    7·2 answers
  • Mia makes cupcakes and sells them to raise money for charity.
    15·1 answer
  • the ratio of blue marbles to white marbles and summer bag is equal to 1 to 2 if there are 20 blue marbles how many white marbles
    15·2 answers
  • Food Mart<br>job<br>Tuesday to Friday<br>Pay: £56 for each day in pounds​
    13·2 answers
  • 3(x-5)=2(x-10)<br> Solce for X
    15·2 answers
  • Find the value of x and the lengths of the diagnose JL=2x +10 KM =9x - 39
    9·2 answers
  • Estimate square root of 90 to the nearest hundredths place
    15·2 answers
  • Find the greatest common factor of 15x^2y^3 and -18x^3yz <br> The Answer has to be like _x_y_
    13·1 answer
  • Lashonda wants to buy a new boat but needs money for the down payment. Her parents agree to lend her money at an annual rate of
    7·1 answer
  • Gordon types 2,584 words in 38 minutes.
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!