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deedivinya
03.04.2021 •
Mathematics
4.B.83
How much must be deposited today into the following account in order to have get 35,000 in 5 Years
An account with monthly compounding and an APR of 4%
should be deposited today.
(Do not round until the final answer. Then round to the nearest cent as needed)
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Ответ:
$ 28,665.11 must be deposited today into the account.
Step-by-step explanation:
Given that there is an account with monthly compounding and an APR of 4%, to determine how much must be deposited today into the following account in order to have $ 35,000 in 5 years, the following calculation must be performed:
X x (1 + 4/12) ^ 5x12 = 35,000
X x (1 + 0.333) ^ 60 = 35,000
X x (1,333) ^ 60 = 35,000
X x 1.220999 = 35,000
X = 35,000 / 1.22099
X = 28,665.11
Thus, $ 28,665.11 must be deposited today into the account.
Ответ:
Surface area = 2π(7.5)² + 2π(7.5)(8) = 730 cm² (nearest whole number)
730 cm²