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:
i just took the test its (4,1)
Step-by-step explanation:
Her hair grew 3.6 inches between the beginning of March and the beginning of June
Answer:
68.1 units²
Step-by-step explanation:
Start by finding the area of the rectangle...

Then, find the area of the semicircle...


Now, add the two to get...
54+14.1=68.1