Once again, this is gonna be a long day. Chose each set the number below belongs to (select al that apply)
1 answer:
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Amount must the owner make to have the cost of the ski lift in 5 years is $6,711,045.22.
<h3>What is compound interest?</h3>
Compound interest is the addition of interest to the principal sum of a loan or deposit, or in other words, interest on principal plus interest.
A = P(1 + r/n)
P =5,500,000
r =4%= 0.004
n =4
t= 5 years.
Now,
A = P(1 + r/n)
A = 5,500,000.00(1 + 0.04/4)
A = 5,500,000.00(1 + 0.01)
A = $6,711,045.22
Hence, The total amount accrued is $6,711,045.22.
Learn more about compound interest here:
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Answer:
I tried to answer but I still would like to know what doesn't make sense.
Considering the identity:
The identity is true whenever both sides are defined. It is not supposed to hold the values when we have division by zero, because it is undefined.
If the value doesn't make sense, it is probably not a function, or it is undefined by the given value of .
Let's go back to the definition of function again:
A function relates a set of inputs and a set of allowable outputs where each input is related to only one output. It basically defines the relation of ordered pairs.
Hope it helped you a bit.