Answer: the company should invest $12191 each week
Step-by-step explanation:
The amount that the company needs is $5,400,000
We would apply the periodic interest rate formula which is expressed as
P = a/[{(1+r)^n]-1}/{r(1+r)^n}]
Where
P represents the weekly payments.
a represents the amount that the company needs
r represents the rate.
n represents number of weekly payments. Therefore
a = 5,400000
There are 52 weeks in a year
r = 0.079/52 = 0.0015
n = 52 × 14 = 728
Therefore,
P = 5400000/[{(1+0.0015)^728]-1}/{0.0015(1+0.0015)^728}]
5400000/[{(1.0015)^728]-1}/{0.0015(1.0015)^728}]
P = 5400000/{2.98 -1}/[0.0015(2.98)]
P = 5400000/(1.98/0.00447)
P = 5400000/442.95
P = $12191
<span><span>anonymous </span> 3 years ago</span>we are solving for A,
A is the future amount A=?
P is the present value, so we were told 7,900, so p=7900
r is the interest rate, so 4.3%, but in decimal form so r=0.043
k is the how often it is 'compounded', it says quarterly, so k=4
n is how long, 3 years, so n=3
<span>A=P(1+<span>rk</span><span>)<span>n∗k</span></span></span>
plug in the values
<span>A=8981.51</span>
idk this a really hard problrm
Answer:
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Step-by-step explanation:
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Answer:
The cost of each ticket is 8 dollars.
Step-by-step explanation:
36 / 4 = 8
Check:
8 * 4 = 32.
Your answer will be 8.
hope this helps.
