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Sonja [21]
2 years ago
9

What will $82,000 grow to be in 11 years if it is invested today at 8% and the interest rate is compounded monthly

Mathematics
1 answer:
Mariana [72]2 years ago
7 0

Answer:

Well the answer would be 865,920. Hope this helped! this is the way i learned it so if its wrong i'm super sorry!

Step-by-step explanation:

I = p x r x t

I = 82,000 x 8 x 11yrs

BUT WAIT! this is MONTHLY, so convert 11 x 12 = 132 and then move 8 back 2 spaces = 0.08 so the correct equation is

I = 82,000 x 0.08 x 132

I = 865,920

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What is the definition of “i”? What do we use it for? Demonstrate with an example of your own.
lyudmila [28]

Answer:

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Step-by-step explanation:

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i = √-1

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~Hope this helps!~

6 0
3 years ago
How do you express 2/5 of 7/10 in product
lisabon 2012 [21]

Answer:

Of means multiply in math (most of the time).  

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Step-by-step explanation:

3 0
3 years ago
HELP QUICK
noname [10]

Answer:

84ft

Step-by-step explanation:

w = 2/3(L)

if 280 feet of fencing can enclose the garden,therefore the perimeter is 280 feet

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2

Step-by-step explanation:

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