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.
No
because 2 similar triangles have to meet one of the following conditions:
1. all sides are equal
2. 2 pair of equal sides & the angles between these sides are equal
Answer:
D.
Step-by-step explanation:
Expressing something by a unit rate means to express a value per single item. Hence, only D fits (per package, meaning per 1 package.)
Hope this helped!
Answer:
Your answer will be 7.
Step-by-step explanation:
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