Mattysc Mattysc

17-04-2017
Mathematics

contestada

Determine the present value, P, you must invest to have the future value, A, at simple interest rate r after time t. Round answer to the nearest dollar.

A = $196.00
r = 10%
t = 4 years

Respuesta :

17-04-2017

find P given A
P=A[((1+i)^n)-1]÷[i (1+i)^n]
where n=t=4 and r=i

196.00 [(1.1^4)-1]÷[0.1 (1.1^4)]
=196(0.4641÷0.14641)
=621.29

Answer Link

Otras preguntas

soft layer of earth that has convection currents and causes plates to move

Which pronoun agrees with the antecedent? Neither Janine nor Yerica made __________ own costume for the parade. A. she B. hers C. her D. their

American morale was lifted during the Depression by the fireside chats of President

how do you say milkshake in french?

A pack of cinnamon scented pencils sells for $4.00. What is the sales tax rate of the total cost of the pencils is $4.32

The British parliamentary general election is held every _ years. a-5 b-3 c-4

If f(x)=7-2x find f(3)+6

Freddie used 6.75 gallons of gas to drive the 155.25 miles. What was his car's gas mileage? (gallons per mile)?

The flooding of the Tigris and Euphrates Rivers led to an abundance of

How much did the government regulate business practices during the Gilded Age