Answer: 7x-56
Step-by-step explanation:
Multiply (x-8) by 7
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.
Given is triangle with base = 10 cm and perpendicular height = 3 cm.
We know the formula for area of triangle is given by :-
Area = × (Base) × (perpendicular height)
Area = × (10) × (3)
Area =
Area = 15 cm²
So, final answer is 15 cm².
Answer:
Because whole numbers are greater than 1 and any number greater than 1 multiplied by it self several times result in a greater number, but proper fractions are numbers less than 1, and a number less than 1 multiplied by it self several times result if a smaller number.
Explanation:
Whole numbers areraised to an exponent , means that such number is multiplied by itself (as many times and the exponent is).
Whole numbers are 1, 2, 3, 4, ....
Number 1 is a special case. When 1 is multiplied by it self the result is 1.
When other whole number (2, 3, 4, 5, ...) is multiplied by it self the result is a greater number. For example, 2 × 2 = 4, 3 × 3 = 9, and so on.
On the other hand, proper fractions, which are those whose numerator is less than the denominator, are less than one, and any number less than 1 multiplied by it self results in a smaller number.
For example: 1/2 × 1/2 = 1/4 or 0.5 × 0.5 = 0.25. This is always true for any proper fraction (a number less than 1).