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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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The square's diagonal is the triangle's hypotenuse.

The Pythagorean theorem is = a^{2}+b^{2}=c^{2}

Here, 'c' is the hypotenuse and 'a' and 'b' are the two sides of the triangle.

As the side is given 12 inches, so this becomes

12^{2}+12^{2}=d^{2}

144+144=d^{2}

d^{2}=288

d=\sqrt{288}

d=16.97 inches

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3 years ago
If f(x)=x^3−x, what is the average rate of change of f(x) over the interval [1, 5]? a)29.5 b)30 c)43 d)120
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7 0
3 years ago
This is an off topic question but i feel the need to let other peoples brains keep running so these are the questions i will giv
serg [7]
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</span><span>−20+(−40)+(−60)

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3 years ago
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natta225 [31]
0.078, 0.5, 0.507, 0.75.

Hope it helps ; )
6 0
2 years ago
Read 2 more answers
Ms. Cruz has a tank with 11 fish. After buying two more, she has 2 less than triple the amount of fish Ms. Montesinos has. How m
exis [7]

Answer:

a) Write a let statement below to define your variable(s):

Let the number of fishes Ms. Montesinos has be represented by = f

b) Set up an equation using the variable you defined in (a):

The equation is :

3f - 2 = 13

c) Solve your equation & Check. How many fish does Ms. Montesinos have?

Ms. Montesinos has 5 fishes

Step-by-step explanation:

Ms. Cruz has a tank with 11 fish. After buying two more, she has 2 less than triple the amount of fish Ms. Montesinos has. How many fish does Ms. Montesinos have in her tank?

a) Write a let statement below to define your variable(s):

Let the number of fishes Ms. Montesinos has be represented by = f

b) Set up an equation using the variable you defined in (a):

We are told in the question:

Ms. Cruz has a tank with 11 fish. After buying two more, she has 2 less than triple the amount of fish Ms. Montesinos has.

Therefore,

3× f - 2 = 11 + 2

The equation is :

3f - 2 = 13

c) Solve your equation & Check. How many fish does Ms. Montesinos have?

Solving the above equation:

3f - 2 = 13

3f = 13 + 2

3f = 15

Divide both sides by 3

3f/3 = 15/3

f = 5

Hence, Ms. Montesinos has 5 fishes

4 0
2 years ago
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