Answer:
$6,322.11
Step-by-step explanation:
The future value of a lump sum (S) invested today at an interest rate 'r' for a period of 'n' years, if interest is compounded annually is:
![FV = S*(1+r)^n](https://tex.z-dn.net/?f=FV%20%3D%20S%2A%281%2Br%29%5En)
In order to obtain $11,200 after 6 years, the required investment at a 10% rate per year is:
![11,200 = S*(1+0.10)^6\\S=\$6,322.11](https://tex.z-dn.net/?f=11%2C200%20%3D%20S%2A%281%2B0.10%29%5E6%5C%5CS%3D%5C%246%2C322.11)
You need to deposit $6,322.11 today in order to reach your goal in 6 years.
Answer:
the answer is 14 converting 1and 1/6 to improper fraction gives u 7/2 then dividing by 1/12 is 14
The SI system is the Internation System of Units which contains kg, liters, cm, etc.
The answer is 10. Example: meters and decimeters, decimeters to centimeters, centimeters to millimeters
Answer:
14.32
General Formulas and Concepts:
<u>Pre-Algebra</u>
Order of Operations: BPEMDAS
- Brackets
- Parenthesis
- Exponents
- Multiplication
- Division
- Addition
- Subtraction
<u>Algebra II</u>
- Distance Formula:
![d = \sqrt{(x_2-x_1)^2+(y_2-y_1)^2}](https://tex.z-dn.net/?f=d%20%3D%20%5Csqrt%7B%28x_2-x_1%29%5E2%2B%28y_2-y_1%29%5E2%7D)
Step-by-step explanation:
<u>Step 1: Define</u>
Point (-2, 8)
Point (11, 2)
<u>Step 2: Find distance </u><em><u>d</u></em>
Simply plug in the 2 coordinates into the distance formula to find distance <em>d</em>
- Substitute [DF]:
![d = \sqrt{(11+2)^2+(2-8)^2}](https://tex.z-dn.net/?f=d%20%3D%20%5Csqrt%7B%2811%2B2%29%5E2%2B%282-8%29%5E2%7D)
- Add/Subtract:
![d = \sqrt{(13)^2+(-6)^2}](https://tex.z-dn.net/?f=d%20%3D%20%5Csqrt%7B%2813%29%5E2%2B%28-6%29%5E2%7D)
- Exponents:
![d = \sqrt{169+36}](https://tex.z-dn.net/?f=d%20%3D%20%5Csqrt%7B169%2B36%7D)
- Add:
![d = \sqrt{205}](https://tex.z-dn.net/?f=d%20%3D%20%5Csqrt%7B205%7D)
- Evaluate:
![d = 14.3178](https://tex.z-dn.net/?f=d%20%3D%2014.3178)
- Round:
![d \approx 14.32](https://tex.z-dn.net/?f=d%20%5Capprox%2014.32)