Answer:
-7j-k-1
Step-by-step explanation:
Answer:
The principal investment required to get a total amount of $ 1,000,000.00 from compound interest at a rate of 6% per year compounded 12 times per year over 45 years is $ 67,659.17.
Step-by-step explanation:
Given
- Accrued Amount A = $1000000
- Interest rate r = 6% = 0.06
- Compounded monthly n = 12
To determine:
Using the formula


substituting A = 1000000, r = 0.06, t = 45, and n = 12


$
Therefore, the principal investment required to get a total amount of $ 1,000,000.00 from compound interest at a rate of 6% per year compounded 12 times per year over 45 years is $ 67,659.17.
Answer:
yea
Step-by-step explanation:
Answer:
The equation of the line is;
3y = 2x-8
Step-by-step explanation:
Firstly, we need the to get the slope of the given line
To do this, we will write the equation of the line in the standard form
the standard form
is;
y = mx + b
where m is the slope and b is the y-intercept
y -4 = 2/3(x-3)
y -4 = 2x/3 - 2
y = 2x/3 -2 + 4
y = 2x/3 + 2
with respect to the given equation, the slope of the line is 2/3
Mathematically, when two lines are parallel, the slopes of the line are equal
So now, we want to find the equation of the line that has a slope of 2/3 and passes through the point (1,-2)
so;
y = 2x/3 + b
So substitute the values of (1,-2)
1 for x and -2 for y
-2 = 2/3(1) + b
-2 = 2/3 + b
b = -2 - 2/3
b = (-6-2)/3 = -8/3
So the equation of that line is;
y = 2/3x - 8/3
Multiply through by 3
3y = 2x - 8