Answer:
P = $2448.89
P ~= $2,449
He need to deposit $2,449
Step-by-step explanation:
Given:
Interest rate r= 7% = 0.07
Number of years n = 3 years
Future value that should be meet A = $3000
We need to calculate the initial investment (Principal P). Using the compound interest formula:
A = P(1+r)^n
P = A/(1+r)^n
Substituting the values of A, r, n, we have;
P = 3000/(1+0.07)^3
P = $2448.89
P ~= $2,449
Answer:
113 each day
Step-by-step explanation: i cant draw it out but just put it into a bubble or something sorry
This is the answer/Hope this helps
Answer:
y-1=-2/3(x-5)
Step-by-step explanation: You have to use slope formula to find the slope, Then you use the first set of points because it have to be x1
