Answer:
$293,562.707
Step-by-step explanation:
As for the provided details we know,
Janet needs $51,500 from end of 7th year for upcoming 20 years.
The present value of 20 installments of $51,500 shall be @ 6% from year 7 to year 8.0858
Thus total value = $51,500
8.0858 = $416,418.7
Now the compound interest factor for 6 year @ 6 % = 1.4185
Thus, value to be invested today = $416,418.70/1.4185 = $293,562.707
As this when compounded annually will provide the balance as required at the end of 6 years.
Answer:
36/6, 72/12, and 6/1
Step-by-step explanation:
18/3=6, so we just need to find the fractions that simplify into 6 (we reduce fractions by dividing the numerator and denominator by the greatest common factor, in this case the number must be whole, so we are just going to divide the numerator by the denominator). 90/16=5.625, it does not equal 6, so it is not proportional to 18/3, this is also true for 36/12=3. 36/6=6 so it is proportional, so is 72/12=6 and, obviously 6/1=6 so it, too, is proportional to 18/3.
Answer:
the answe for that question is a
3 3/4 miles, because 6*5=30, so 30/8= 3 6/8, which equals 3 3/4 miles.
45 - 7 = 38
unknown quantity is the miles already traveled.