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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:

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3 years ago
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Aliun [14]

Answer:

<u>The correct answer is B. {0, 20, 40, 60, 80, 100, 120}</u>

Step-by-step explanation:

1. Let's check all the information given to answer this question correctly:

Rate of each piano lesson Blake gives = US$ 20

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Earnings = Number of lessons * Rate of each lesson

2. What is the range of this relation?

Let's recall that the domain of a relation is the set of all values for which the relation is defined, and the <u>range</u> of the relation is the set of all values that the relation takes.

It means that the domain of the relation in this case is the number of lessons that Blake can give every evening:

{0, 1, 2, 3, 4, 5, 6}

And the <u>range </u>of this relation is the amount Blake earns in an evening depending on the number of lessons he gives:

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3 0
3 years ago
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Answer:

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4 years ago
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4 years ago
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