Answer:
The amount needed as a one-time deposit to earn $7,500 in 3 years is <em>$4388.17</em>
Step-by-step explanation:
<u>Basic Finance Formulas
</u>
One of the most-used formulas to compute present and future values is
Where FV is the future value, PV is the present value, r is the interest rate and n is the number of periods. It's vital to keep in mind that r and n must be referred to the same compounded time, e.g. r is compounded monthly and n is expressed in months
The question requires to compute the PV needed as a one-time deposit to earn a future value of $7,500 in 3 years at a 1.5% rate compounded monthly.
FV=7,500
r=1.5%=0.015
n=3*12=36 months
We converted n to months because r is compounded monthly
. The formula
must be managed to make PV isolated
Answer: The amount needed as a one-time deposit to earn $7,500 in 3 years is $4388.17
Answer:
251 inches
Step-by-step explanation:
c = 2πr
c = 2(3.14)(5) = 31.4
31.4 x 8 rev. = 251 inches
The side of the congruent side of the triangle should be greater than 7 feet.
Answer:
C
Step-by-step explanation:
Obviously this a log function. What you have to know about the parent graph of a log function is that it goes through the origin (0, 0). Ours appears to go through -1, so it has moved 1 unit to the left, and our appears to have moved up 3 units. The parent graph for the log function in standard form is
f(x) = log(x - h) + k.
where h indicates the side to side movement, and k represents the up and down movement. In our standard form, we fit in -1 as follows: (x - (-1)), which of course is equivalent to (x + 1). Because our function has moved up 3 units, our k is a positive 3. So the translation of the parent graph to what we see is
g(x) = log(x + 1) + 3, choice C
