have $500 at the end of the year?
A. $507.89
B. $480.40
C. $518.92
D. $492.31
To have $500 at the end of the year with a 4% APR compounded monthly, you would need to invest approximately $480.40 as a lump sum.
To find the amount of money needed to invest as a lump sum in order to have $500 at the end of the year with an approximate 4% APR compounded monthly, we can use the formula for compound interest:
A = P(1 + r/n)nt
Where:
A = final amount ($500)
P = initial investment (unknown)
r = annual interest rate (4% or 0.04)
n = number of times interest is compounded per year (12)
t = number of years (1)
Plugging the given values into the formula, we can solve for P:
P = A / ((1 + r/n)nt)
P = $500 / ((1 + 0.04/12)12*1)
P ≈ $480.40
Therefore, you would need to invest approximately $480.40 as a lump sum to have $500 at the end of the year.
#SPJ2
Answer: 480.40
Step-by-step explanation:
We can use the formula for compound interest to calculate how much money we will need to invest as a lump sum to have $500 at the end of the year.
FV = PV x (1 + r/n)^(nt)
FV = future value
PV = present value
r = interest rate
n = number of times compounded per year
t = time in years
We know that FV = $500, r = 4% or 0.04, n = 12 (since it is compounded monthly), and t = 1. We can plug in these values to solve for PV.
$500 = PV x (1 + 0.04/12)^(12 x 1)
$500 = PV x (1.003333)^12
$500 = PV x 1.0406
PV = $500 / 1.0406
PV = $480.40
Therefore, we will need to invest $480.40 as a lump sum to have $500 at the end of the year. So, the correct option is B. $480.40.
the direction an object moves
B. Height = 4cm, base length = 4cm, base width = 4cm
C. Height = 4cm, base length = 10cm, base width = 4cm
D. Height = 10cm, base length = 4cm, base width = 4cm
Answer:
C. Height = 4cm, base length = 10cm, base width = 4cm
Step-by-step explanation:
A rectangular prism has
1) Base area
2) Volume
Consider all options:
A.
This option is false.
B.
This option is false.
C.
This option is true.
D.
This option is false.
Answer:
The rectangular prism has " Height = 4 cm, base length = 10 cm, base width 4 cm " ⇒ C
Step-by-step explanation:
The formula of the volume of a rectangular prism is V = l × w × h , where l is its length, w is its width and h is its height
∵ The area of the base of the prism is 40 cm²
∵ The its base is shaped a rectangle
∵ Area of a rectangle = l × w
∴ l × w = 40 cm²
∵ The volume of the prism is 160 cm³
- Substitute l × w and the volume in the formula of the volume
∴ 160 = 40 × h
- Divide both sides by 40
∴ 4 = h
∴ The length of the height of the prism is 4 cm
- Lets find which two numbers give a product of 40 to find l and w
∵ 40 = 10 × 4
∴ l = 10 cm and w = 4 cm
The rectangular prism has " Height = 4 cm, base length = 10 cm, base width 4 cm"