Just a guess but I think it is 0.43. By dividing the decimal 0.02 into the Denominator
First subtract 4 then divide 2 so u can isolate x
Answer:
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Step-by-step explanation:
Answer:
if the annual interest rate is 7%, then you need to invest:
present value = future value / (1 + i)ⁿ
- future value = $2,200,000
- i = 7%
- n = 28 years
present value = $2,200,000 / (1 + 7%)²⁸ = $330,884.87
if the interest rate is 15%, the you need to deposit a smaller amount:
present value = future value / (1 + i)ⁿ
- future value = $2,200,000
- i = 15%
- n = 28 years
present value = $2,200,000 / (1 + 15%)²⁸ = $43,942.34
Answer:
Part A: Brianna made a error on step 2. Because it has to be + 31 not + 41 cause it is a -5+36
Part B: x= -1
Step-by-step explanation:
This is how it should have been done.
Step 1: -5+6(6x+6)= 1+6x
Step 2: -5+36x= 36=1+6x
Step 3: 36x+31= 1+6x
Step 4: 36x= 6x-30
Step 5: 30x= -30
Step 6: x= -1