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
These should help!! The corresponding vertices make a rectangular prism:)
Answer:
15 feet and 1 inch long
Step-by-step explanation:
add up the feet: 4+6+3= 13 feet
add up the inches: 5+9+11 = 25 inches
25/12= 2 feet 1 inch
13 feet + 2 feet + 1 inch= 15 feet 1 inch
Here's some of the info
~<span>Evelyn has the greater mean.
~</span>Evelyn’s objects generally landed farther away from the center than Robin’s.<span>
~</span>The object is to get the objects close to the center, so Robin is winning.<span>
</span>
1.You have that:
<span>
- One tin of 500 mL blue paint costs $11.50.
-Jason needs </span><span>4 L of blue paint.
2. First, you must convert 4 L to mL, as below:
1 L----1000 mL
4 L----x
x=4x1000/1
x=4000 mL
3. If 500 mL costs $11.50, h</span><span>ow much will it cost 4000 mL?
</span><span>
500 mL-----$11.50
4000 mL---x
x=(4000 mL)($11.50)/500 mL
x=$92.00
</span><span>
How much will it cost Jason to paint this bedroom?
The answer is: $92.00</span><span>
</span>
