brynalove brynalove

06-12-2020
Mathematics

contestada

Find the present value that will grow $1000 if the annual interest rate is 7.5% compounded quarterly for 5 years

Respuesta :

Alexrangelh Alexrangelh

06-12-2020

Answer:

911.3010934

Step-by-step explanation:

Formula:

A = P(1 + r/4)^n

In this case:

A = 100

P = ?

R = .075 (7.5%)

N = 5

---

1000 = P(1+.075/4)^5

1000 = P(1.01875)^5

1000 = P(1.097332163)

1000/1.097332163 = P

P = 911.301

Answer Link

Otras preguntas

In a rescue, the 65.0-kg police officer is suspended by two cables, as shown in (Figure 1).

guess how many feet of snow we got

What is FIRST AID ?!?!?!

What two groups were not included in the declaration of Independence?

Choose the form of the verb that best matches the time frame of the sentence. Next summer, Erin ______ monkeys in the forests of West Africa. Choose 1 answer: (

Enter the coordinates of the vertices of (r(180°, O) ∘ T⟨3, –2⟩)(QRST).

Which best explains why a thick tropical forest filled with large plants typically has a lot of water vapor in the air?

You have an ant farm with 32 ants. The population of ants in your farm will double every 3 months. The table shows the population growth of the ants over nine m

Where does the concept of a month come from? How do we know that a month has passed?

A strong example of using keywords would be the word "top," to remember that topography means the study of the tops and bottoms of mountains and valleys. Please