4 pts
1 answer:
9514 1404 393
Answer:
- =FV(4.5%/12,30*12,-150,0)
- $113,907.92
- $54,000
- $59,907.92
Step-by-step explanation:
We have used the formula shown in Go.ogle Sheets to give the results shown. (We presume Excel has a similar function.)
The result is that the future value of the investment is $113,907.92.
The amount deposited is ($150/mo)(12 mo/yr)(30 yr) = $54,000.
The interest earned is the difference: $113,907.92 -54,000 = $59,907.92.
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Answer: YES
Step-by-step explanation:
<u>Concept</u>
In a right triangle, the square of both legs is equal to the length of hypotenuse squared. This is the Pythagorean theorem: a²+b²=c². For more graphical explanation, please refer to the attachment below.
<u>Given</u>
Leg a = 36 in
Leg b = 48 in
Hypotenuse c = 60 in
<u>Solve</u>
a² + b² = c²
(36)² + (48)² = 3600
(60)² = 3600
3600 = 3600
Therefore, the answer is <u>YES</u>
Hope this helps!! :)
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