Amount must the owner make to have the cost of the ski lift in 5 years is $6,711,045.22.
<h3>
What is compound interest?</h3>
Compound interest is the addition of interest to the principal sum of a loan or deposit, or in other words, interest on principal plus interest.
A = P(1 + r/n)
P =5,500,000
r =4%= 0.004
n =4
t= 5 years.
Now,
A = P(1 + r/n)
A = 5,500,000.00(1 + 0.04/4)
A = 5,500,000.00(1 + 0.01)
A = $6,711,045.22
Hence, The total amount accrued is $6,711,045.22.
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Answer:
x>4
Step-by-step explanation:
Solving an inequality is very similar to solving an equation:
Given: 7x-6>22
Add 6 to both sides: 7x>28
Divide both side by 7: x>4
x>4 means that all x-values that are greater than 4 will work. Therefore you would write an open dot at x=4 on the number line to show that 4 isn't included, and draw an arrow going right to show all possible solutions greater than 4.
Answer:
8√3 Decimal Form: 13.85640646
Step-by-step explanation:
B. negative correlation because as the price increases, the sales decrease
Answer:
circle
Step-by-step explanation:
