Answer:
A=25000 is the future value. P the value that we need to invest. r= 0.04 represent the interest rate in fraction. n = 12 represent the number of times that the rate is compounded in a year. t = 5 years.
If we solve for the value of P we got:
And replacing we got:
And rounded to the nesrest penny we need to invest $20475.08 in order to have after 5 years $25000
Step-by-step explanation:
For this case we can use the future value with compound interest given by:
Where:
A=25000 is the future value. P the value that we need to invest. r= 0.04 represent the interest rate in fraction. n = 12 represent the number of times that the rate is compounded in a year. t = 5 years.
If we solve for the value of P we got:
And replacing we got:
And rounded to the nesrest penny we need to invest $20475.08 in order to have after 5 years $25000
What is the fraction of 100 and 3,000.
First off dont open that url and second the answer would be around 25-30 feet
Hey there! I'm happy to help!
When evaluating the value of an expression, we need to follow the order of operations which is PEMDAS (parentheses, exponents, multiplication, division, addition, subtraction).
First, we will evaluate the exponent. 3² is 3×3 which is 9.
Now we have to do multiplication. Since the multiplication sign is between the 2 and the 8, that is what we multiply.
Then we will do our addition and subtraction.
Since all fractions are just division problems, we can do 25÷5.
25÷5=5
So, the value of this expression is 5.
Have a wonderful day and keep on learning! :D