Using compound interest, it is found that he must deposit $56,389.
Compound interest:
- A(t) is the amount of money after t years.
- P is the principal(the initial sum of money).
- r is the interest rate(as a decimal value).
- n is the number of times that interest is compounded per year.
- t is the time in years for which the money is invested or borrowed.
In this problem:
- Hopes to have $80,000 in 20 years, thus
. - Interest rate of 1.75%, thus
. - Compounding monthly, thus

- The investment is of P, for which we have to solve.
Then:




He must deposit $56,389.
A similar problem is given at brainly.com/question/25263233
59.70 for 6 hours of mowing and 1 hour of babysitting !
Answer:
1 hour
Step-by-step explanation:
3 hours subtract 2 hours
Answer:
The decimal 0.345 expressed as a fraction is 69200 .
Answer:
y = 10
Step-by-step explanation:
To find the y coordinate of the midpoint, take the y coordinates of the endpoints and average
(0+y)/2 = 5
Multiply each die by 2
0+y = 10
y = 10