3 years ago

Help Me Please! I will give you 5 stars if your answer is correct!

Mathematics

2 answers:

Kobotan [32]3 years ago

6 0

S because it is positive and the further right you go the more the numbers get larger

lys-0071 [83]3 years ago

5 0

Answer:

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Adam wishes to have $20 comma 000 available in 18 years to purchase a new car for his son as a gift for his high school graduat

wel

Adam should invest $15516 after 18 years.

<u>Explanation:</u>

Given:

Amount(18) = $20000

Rate of Interest, r = 1.41%

Time, t = 18 years

n = 365 (compounded daily)

General equation of amount that is compounded daily:

$A(t) = A_0(1 + \frac{r}{n} )^n^t$

Solving for A₀:

$A_0 = \frac{A(t)}{(1+\frac{r}{n} )^n^t}$

Substituting the values:

$A_0 = \frac{20000}{(1 + \frac{0.0141}{365})^3^6^5^X^1^8 } \\\\A_0 = \frac{20000}{1.289}\\ \\A_0 = 15516$

Therefore, Adam should invest $15516 after 18 years.

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