1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Alex_Xolod [135]
3 years ago
15

Austin is going to invest in an account paying an interest rate of 2.2% compounded daily. How much would Austin need to invest,

to the nearest hundred dollars, for the value of the account to reach $27,000 in 6 years?
Mathematics
1 answer:
Korolek [52]3 years ago
5 0

Answer:

  $23,700

Step-by-step explanation:

The compound interest formula can be helpful for this. Fill in the given values and solve for the unknown.

  FV = P(1 +r/n)^(nt)

where r is the annual interest rate, n is the number of times interest is compounded in a year, t is the number of years, P is the amount invested, and  FV is the future value of that investment.

  $27,000 = P(1 +0.022/365)^(365·6) = 1.1411037P

  P ≈ $23,700

You might be interested in
Marking brainliest <br><br> Don’t know what to write for the last 2
nlexa [21]

Answer:

Business, management, marketing and technology.

Engineering, manufacturing and industrial technology.

i am not sure but i hope it will help you.

please mark me as brainlest.

4 0
3 years ago
Graph y = tanx for -pi/4 ≤ x ≤ pi/4. What is the range?
Debora [2.8K]

Answer:

( -1, 1 )

Step-by-step explanation:

For f ( x ) = tan x ;   Range = R (real no.)

Range in interval = ( -1, 1 )

3 0
3 years ago
Read 2 more answers
Help! I need an explanation if you answer so maybe I can get the other questions easily☺️
Dmitriy789 [7]

I am not sure on this sorry .......  I think it's $5.00 .....

4 0
3 years ago
Tom wants to buy a new house. He has $28,000 for an initial down payment. Assuming the down payment on the house must be 20% of
mr_godi [17]

Answer:

28000 x 5 = 140000

Step-by-step explanation:

Have a great day!

8 0
3 years ago
Find The Value of X:<br> A= 12<br> B= 16<br> C= 21<br> D= 24
Dmitriy789 [7]

Answer:

x = 21

Step-by-step explanation:

The 2 angles form a straight angle and are supplementary, thus

7x + 9 + 2x - 18 = 180, that is

9x - 9 = 180 ( add 9 to both sides )

9x = 189 ( divide both sides by 9 )

x = 21

5 0
3 years ago
Read 2 more answers
Other questions:
  • Elena packed 48 cubes into this box.Each cube has edges that are 1 centimeter.How many layers of cubes did Elena make
    10·1 answer
  • I reached into my pocket and found that I have only dimes n nickels. I have 2.00. I have 11 coins. How many dimes do I have?
    6·1 answer
  • What is the domain of the given function? LaTeX: {(3, –2), (6, 1), (–1, 4), (5, 9), (–4, 0)} ( 3 , – 2 ) , ( 6 , 1 ) , ( – 1 , 4
    14·1 answer
  • Helppppp what is 48 times the power of x , If x= 1/5
    6·2 answers
  • Please help ASAP....
    13·1 answer
  • Which better describes the data set, the mean or the median?
    13·2 answers
  • 70 miles = ______ kilometers
    13·2 answers
  • 10 points!! help me answer both of them pleaaase!!;-;
    8·1 answer
  • It takes 63 minutes for 4 people to paint 9 walls.
    14·2 answers
  • Allchong
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!