princess02barber princess02barber

18-02-2021
Mathematics

contestada

Michael is going to invest in an account paying an interest rate of 5.8% compounded
monthly. How much would Michael need to invest, to the nearest dollar, for the value
of the account to reach $260 in 12 years?

Respuesta :

emmauni2bad456 emmauni2bad456

02-03-2021

Answer:

P=130

Step-by-step explanation:

Answer Link

Otras preguntas

Hutchinson Corporation has zero debt - it is financed only with common equity. Its total assets are $330,000. The new CFO wants to employ enough debt to bring t

Every day during lunch, customers of the Tran Asian restaurant flock to the restaurant. Tran cannot afford to build a larger facility. To spread out demand, Tra

If the standard deviation of a set of data is 6, what is the value of the variance? 3 4.5 18 36

What is the rationale behind the ceiling when applying the lower-of-cost-or-market method to inventory? a. Prevents understatement of the inventory value. b. Al

A corporation issues 50 packages of securities for $154 per package. Each package consists of three shares of $5 par common stock and one share of $50 par prefe

A piston performs work of 210. L·atm on the surroundings, while the cylinder in which it is placed expands from 12 L to 27 L. At the same time, 45 J of heat is

The general ledger shows a balance of $ 66 comma 200 in the Merchandise Inventory account at the end of the period. The physical inventory count shows inventory

Alton Co. had a cash balance of $32,300 recorded in its general ledger at the end of the month, prior to receiving its bank statement. Reconciliation of the ban

A biologist diluted a blood sample with distilled water. While observing the sample under a microscope, she noted that the red blood cells burst.

What are the solutions to:1) 4(x-2)-3x = 2(x-6)and2) 5(2+u)-u = 10+4(u+1)