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:
399
Step-by-step explanation:
it none of those I can tell you that
Using our congruence statement
, we know that corresponding angles match, so that means that
. We know that
, so that means that
. This gives us the equation
<em /><em /><em>m</em> + 45 = 131
Subtract 45 from both sides to cancel it and we have
<em>m</em> = 86.
Answer:5
Step-by-step explanation:
Answer:
y = -1/3x + 1
Step-by-step explanation:
substitute the given values in y = mx + b where m is the slope and b is the y-intercept
y = -1/3x + b
at point (0, 1)
1 = -1/3 × 0 + b
1 = 0 + b
b = 1
y = -1/3 + 1
