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fromthebranch13
03.08.2020 •
Mathematics
Sherman entered the following values into the TVM Solver on his graphing
calculator
N=
I%=3.7
PV=-49
PMT=0
FV=98
P/Y=1
C/Y=1E11
PMT:ENU BEGIN
What does the rule of 69 predict will be the approximate value of N?
A. 13.2
B. 18.6
C. 19.5
D. 26.5
Solved
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Ответ:
B. 18.6
Step-by-step explanation:
The 'rule of 69' says the value will be doubled in 69/i years, where i is the annual interest rate in percent (compounded continuously). The interest rate is given as 3.7%, so the prediction is
n = 69/3.7 = 10.649
n ≈ 10.6
Ответ:
C
Step-by-step explanation: Go over in the negatives 3 first, then go down 6