0.500 that what is the answer would be
Answer:
PV= $40,279.36
Step-by-step explanation:
Giving the following information:
Number of periods= 8*12= 96 months
Interest rate= 0.039/12= 0.00325
Future value (PV)= $55,000
<u>To calculate the initial investment, we need to use the following formula:</u>
PV= FV/(1+i)^n
PV= 55,000 / (1.00325^96)
PV= $40,279.36
If you'd graph this function, you'd see that it's positive on [-1.5,0], and that it's possible to inscribe 3 rectangles on the intervals [-1.5,-1), (-1,-0.5), (-0.5, 1].
The width of each rect. is 1/2.
The heights of the 3 inscribed rect. are {-2.25+6, -1+6, -.25+6} = {3.75,5,5.75}.
The areas of these 3 inscribed rect. are (1/2)*{3.75,5,5.75}, which come out to:
{1.875, 2.5, 2.875}
Add these three areas together; you sum will represent the approx. area under the given curve on the given interval: 1.875+2.5+2.875 = ?
