mtiger
14.10.2020 •
Mathematics
Compound interest is given by the formula A = P ( 1 + r ) t . Where A is the balance of the account after t years, and P is the starting principal invested at an annual percentage rate of r , expressed as a decimal. Alex is investing money into a savings account that pays 2% interest compounded annually, and plans to leave it there for 15 years. Determine what Alex needs to deposit now in order to have a balance of at least $40,000 in his savings account after 15 years. Alex will have to invest a minimum of $ now in order to have a balance of at least $40,000 in his savings account after 15 years. Round your answer to the nearest dollar.
Solved
Show answers
More tips
- F Food and Cooking Pu-erh Tea: History, Varieties, Benefits, and Risks...
- H Health and Medicine How to Whiten Teeth and Get the Perfect Smile...
- F Food and Cooking How to Make Thin Pancakes: Recipe and Tips...
- S Style and Beauty Is Hot Scissor Haircutting Beneficial or Dangerous?...
- S Style and Beauty How to Get Rid of Under Eye Bruises?...
- F Food and Cooking Is Bacon Good for You?...
- S Style and Beauty Discover the Art of Nail Design: How Do You Paint Your Nails?...
- P Philosophy How to Develop Extrasensory Abilities?...
- O Other Everything You Need to Know About Kudyabliks...
- C Computers and Internet The Twitter Phenomenon: What it is and How to Use it...
Answers on questions: Mathematics
- M Mathematics If the sum of the two first term of a gp is 3 and the sum of the second and the third term is -6. find the sum of the first term and the common ratio...
- M Mathematics (15 points plz ) subtract using the number line. −35−(−25) select the location on the number line to plot the point....
- M Mathematics Sometimes the school purchases a certain number, , of liters of orange juice and Noah needs to figure out how much sparkling orange juice he can make. Write an equation that...
- M Mathematics Identify the population implied in each statement. 1. Hockey Night in Canada is watched by 23% of the TV audience....
- M Mathematics Can someone please help me?20 points... please be honest! :)Δ 2 QUESTIONS Δ...
- H History All lawyers argue cases in a courtroom a.) true b.) false...
- M Medicine Which organelle synthesis of steroids ?...
- F French Can someone me ? la sécurité routière le gouvernement a annoncé, dimanche 21 juillet, la création d’une police de la route et précisé les pistes sur lesquelles il travaillait...
- C Chemistry Why do atmospheric carbon dioxide levels fluctuate during the year?...
Ответ:
I think it is $889, if not than I didn't understand a task
Ответ:
B
Step-by-step explanation:
It would be -100 because you would be withdrawing, not adding the amount, or staying with the same amount.