4 years ago

What would you have to invest today at 5% interest compounded monthly if you wish to have $20,000 in 10 years?

1 answer:

8 0

Simple intrest:-
Intrest(20000)=(Investment(Unknown so lets say Y)xPercent(5%)xtime(10))/100
=
20000=(Yx5%x10)/100 =
5/100x10=
0.5Y/100x100=20000x100/0.5 Y=4000000

You might be interested in

Is my answer correct?

Molodets [167]

Answer:

22x + 16

Step-by-step explanation:

No, your answer is not correct. you added l +b but you were supposed to add

L+B+L+B

4 0

3 years ago

Plz plz plz plz plz plz find x

Nuetrik [128]

Answer:

36 i think

Step-by-step explanation:

6 0

3 years ago

What is the value of x in 5x = 35? *

yaroslaw [1]

Answer:

Step-by-step explanation:

5 0

3 years ago

Read 2 more answers

Please help me asap

Luda [366]

Answer:

7/24 i think

Step-by-step explanation:

5 0

3 years ago

Read 2 more answers

If the lengths of the sides of similar triangles were quadrupled, what would happen to the lengths of the altitudes? (please hel

dsp73

An altitude is a line that connects the vertex angle to the opposite side, or base at a 90 degree angle, therefore, if the length of the two sides quadrupled, the length of the altitude would also have to quadruple.

5 0

3 years ago