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lina2011 [118]
3 years ago
14

Approximately how much principal would need to be placed into an account earning 1.58% interest compounded monthly so that it ha

s an accumulated value of $90,597 at the end of 25 years?
Mathematics
1 answer:
Natalija [7]3 years ago
5 0

Answer:

The initial investment is $821.58

Step-by-step explanation:

Giving the following information:

Future Value (FV)= $90,597

Number of periods (n)= 25*12= 300

Interest rate (i)= 1.58% = 0.0158

<u>To calculate the initial investment, we need to use the following present value (PV) formula:</u>

PV= FV/(1+i)^n

PV= 90,597 / (1.0158^300)

PV= $821.58

The initial investment is $821.58

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3 years ago
A baby's head is approximately one fourth of its total body length. If the baby's body measures 19 inches, what does the baby's
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Answer:

~4.75 inches or 4 3/4 inches

6 0
2 years ago
5. A Major League Baseball stadium sells three types of tickets. Reserved tickets are sold for $20 each, field-level tickets are
Ad libitum [116K]

Answer: A) When all three ticket prices generate the same revenue.

Step-by-step explanation:

Reserved tickets cost $20 each.

Field-level tickets cost $50 each.

Seat tickets cost $100 each.

Then if x represents the number of reserved tickets sold, the total revenue for the reserved tickets will be:

R(x) = x*$20

If w represents the number of field-level tickets sold, the total revenue for field-level tickets will be:

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If y represents the number of seat tickets sold, then the total revenue for the seat tickets will be:

S(y) = y*$100

Those equations will intersect when:

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A) When all three ticket prices generate the same revenue.

3 0
2 years ago
A penny weighs about 0.1 oz. how much is a pound of pennies worth
Lelu [443]
<span>1.       </span><span>A penny weighs about 0.1 oz.
Now, we need to find the weights of pennies in pounds
=> always remember that in every 1 oz, there is 0.0625 pounds.
Since 0.1 is 1/10 of 1 oz, we need to find the value of it in pounds.
=>  0.0625 pounds / 10
=> 0.0625 pounds.
Therefore, in 0.1 oz of  penny is equivalent to 0.00625 pounds.
In problem like this, before determining the answer, you need to make sure that both unit of measurements are the same. If not, then try to convert.</span>



7 0
3 years ago
Please help meeeeeeeeee
rosijanka [135]

Step-by-step explanation:

1. 10-(2+3) = 5

2. 2x3 - 10 = -4

3. 3 x (4-2) = 6

4. (3+5) / 4 = 2

5. (5-2) x 3 = 9

6. (9-4) + 5 = 10

7 0
2 years ago
Read 2 more answers
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