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koban [17]
3 years ago
6

Landon is going to invest in an account paying an interest rate of 6.6% compounded daily. How much would Landon need to invest,

to the nearest dollar, for the value of the account to reach $3,250 in 18 years?
Mathematics
2 answers:
mr_godi [17]3 years ago
8 0

Answer:

$990.95

Step-by-step explanation:

The computation of the present value or the invested amount is given below:

Given that

NPER = 18 × 365 days

RATE = 6.6% ÷ 365

FV = $3,250

PMT = $0

The formula is shown below:

= -PV(RATE;NPER;PMT;FV;TYPE)

AFter applying the above formula, the present value is $990.95

hammer [34]3 years ago
5 0

Answer:

the answer is 991 when rounded to the nearest dollar

Step-by-step explanation:

You might be interested in
294% as a mixed number in simplest form
Natali5045456 [20]

Answer:

Step-by-step explanation:

294% = 2.94 = 2 and .94 = 2  94/100 = 2 47/50

5 0
2 years ago
WILL GIVE BRAINLIEST!!!!!!
Dahasolnce [82]
<h2>Greetings!</h2>

Answer:

x = 67.5

Step-by-step explanation:

Because AB and NP lines are parrallel, we can find out the scale factor by dividing size MA by MN.

This works because you find out what the MA size has to be multiplied to to get to MN, which will also work in reverse to find angle MB from MP.

71.5 - 22 = MA = 49.5

71.5 ÷ 49.5 = \frac{13}{9}

So to get to line MP length, line MB had to be multiplied by \frac{13}{9} to get 97.5

The reverse of this is dividing 97.5 by \frac{13}{9}:

97.5 ÷ \frac{9}{13} = 67.5

So x = 67.5


<h2>Hope this helps!</h2>
4 0
3 years ago
What does 1+1 equal
uranmaximum [27]
One plus one equals to one
6 0
3 years ago
Read 2 more answers
Use the given confidence interval limits to find the point estimate p^ and the margin of error E. 0.325
diamong [38]

Answer:

0.350

Step-by-step explanation:

Confidence interval = point estimate ± margin of error

Point estimate = Confidence interval - margin of error

To get the margin of error, we will take the average of the difference of the interval given. Given the confidence interval 0.325<p<0.375

Margin of error = 0.375-0.325/2

Margin of error = 0.050/2

Margin of error = 0.025

Using the interval of 0.375

Point estimate = 0.375 - 0.025

Point estimate = 0.350

3 0
3 years ago
Which expressions are equivalent to the one below? Check all that apply.<br><br>log 2 - log 6
Marina CMI [18]

Answer:

Given the expression: log 2 -log 6

Use the logarithmic rule :

\log(\frac{m}{n}) = \log m - \log n

\log x^n = n\log x

Use the above rule to solve the expression:

\log 2 -\log 6 = \log \frac{2}{6} = \log \frac{1}{3}   [∴\log(\frac{m}{n}) = \log m - \log n ]

or

\log 2 -\log 6 =\log 2+ \log 6^{-1} = \log 2 + \log \frac{1}{6}     [∴\log x^n = n\log x ]

or

value of : log 2 -log 6 = 0.30102999566 - 0.77815125038 = -0.47712125472



7 0
3 years ago
Read 2 more answers
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