2 years ago

Compound interest

Mathematics

1 answer:

aev [14]2 years ago

3 0

9514 1404 393

Answer:

4254.31

Step-by-step explanation:

The compound interest multiplier is ...

m = (1 +r/n)^(nt) . . . . annual rate r compounded n times per year, t years

For 11% compounded quarterly for 18 years, the multiplier is ...

m = (1 +0.11/4)^(4·18) = 1.0275^72 ≈ 7.0516671

If 30,000 is the future value, then the present value is ...

PV = FV/m = 30,000/7.0516671

PV ≈ 4254.31

You might be interested in

A boat is being towed such that the tow line is at an angle of 30° with respect to the surface of the ocean. If the boat is towe

pentagon [3]

Answer:

C. 303,000 Joules

Step-by-step explanation:

1. use abcos(theta)

a=50

b=7000

theta=30 degrees

2. (50)(7000)cos(30)=303,000

5 0

2 years ago

Read 2 more answers

What is the best next step in the construction of the perpendicular bisector <br> AB?

qaws [65]

“A” is the answer i believe !

hope this helps

3 0

3 years ago

Consider the parameterization of the unit circle given by x=cos(3t^2-t), y=sin(3t^2-t) for t in (-infinity, infinity). Describe

PtichkaEL [24]

Answer and Step-by-step explanation:

The answer is attached below

3 0

2 years ago

What percentage of boys can cycle give your answer rounded to 1 DP??????

Sergeeva-Olga [200]

Answer:

try and plug in number like 15 like and then find the answer that makes the 125

Step-by-step explanation:

4 0

2 years ago

4.9-16=. A:25 B:7 C:-25 D:-7

shtirl [24]

Answer and Step-by-step explanation:

It says your question is : $9-16=?$ And the answer for that would be $-10$ . But that's not there in the options I think your question was supposed to be meant like this : $16-9=?$ cause then it would be $7$ tho it's there in the options, the sign is wrong it's not $-7$ it's $+7$ or just $7$ .

8 0

3 years ago