How much money should be invested now (rounded to the nearest cent), called the initial investment, in a Treasury Bond investment that yields 5.75% per year, compounded monthly for 7 years, if you wish it to be worth $12,000 after 7 years?

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Ответ:

daustin57

30.12.2021

Mathematics

Step-by-step explanation:

7(3^(x - 1)) <= 4^x

(7/3)(3^x) <= 4^x

7/3 <= 4^x/3^x

(4/3)^x >= 7/3

log (4/3)^x >= log (7/3)

x log (4/3) >= log (7/3)

x >= log (7/3) / log (4/3)

x >= 2.945...

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