I just checked and the right answer seems to be a) 5.5, I am truly sorry if it was incorrect but pls let me know if it was the right answer
Answer:
infinity
Step-by-step explanation:
9514 1404 393
Answer:
see below
Step-by-step explanation:
Multiply the numbers as though they were integers, then mark off a number of decimal places in the product equal to the total number of decimal places in the numbers being multiplied (1).
Hello,
log base 9(m/(m-4))=-2
==>m/(m-4)=9^(-2)
==>81m=m-4
==>80m=-4
==>m=-1/20
We are given with the following:
Effective annual interest, i = 0.0425
Future worth, F = $25000
Number of years, n = 18
We use the formula to solve for the present worth of the money:
P = F / (1 + i)^n
P = 25000 / (1 + 0.0425)^18
P = 11818.73
The closest answer is:
<span>b.
$11,820</span>
