alyssaflora21 alyssaflora21
  • 13-07-2021
  • Mathematics
contestada

if i wanted to make a 40,000 payment in one year with a 5% annual interest rate, how much should i invest now?

Respuesta :

swan2414 swan2414
  • 13-07-2021

Answer:

38,095.24

Step-by-step explanation:

40,000 = P(1 + 0.05)^1

P = 40,000/1.05

P = 38095.2380952

Answer Link

Otras preguntas

Hellppppppp with this twoooooooo
There are 12 rabbits in a cage. The ratio of white rabbits to all rabbits is 3:4. How many white rabbits are in a cage?
At the veterinarian's office, 4 animals out of every 5 seen were cats. A total of 35 animals were seen.a. How many cats were seen?b. The ratio of male cats seen
which word comes from a latin word meaning lattice
which fraction is larger: 1/4 or 2/4
The ratio of red collars to black collars sold at one store is 9 to 10. In one month 30 black collars were sold. Is 57 a reasonable number for the total number
There are 12 rabbits in a cage. The ratio of white rabbits to all rabbits is 3:4. How many white rabbits are in a cage?
what were some of the common occupations,cultural practice and traditions in the south Carolina  colony
Mendel realized that the principles of probability could be used to what the results of genetic crosses?
What causes climate change?