A lot of money because then they get even more back
Answer:
d. $137,604
Step-by-step explanation:
The amortization formula is good for this. It tells you the principal P that must be invested to support payments of A each year for t years when the interest rate is r:
P = A(1 -(1 +r)^-t)/r
P = $12,000(1 -1.06^-20)/0.06 ≈ $137,639.05
The closest answer choice is $137,604.
Answer:
1. x<3
2. True
Step-by-step explanation:
1. 4x - 4 < 8
4x<8+4
4x<12
x<3
2. 92 +5 > 23
97>23
True