James wants to be able to make a $30,000 down payment on a new home in three years. if he can invest his savings in an account that earns 6% interest per year, compounded monthly, about how much will james need to deposit today to achieve his goal?

a.
$25,002
b.
$25,069
c.
$25,189
d.
$35,730

its a trick question

step-by-step explanation:

dogs love water, just turn on the hose and it will run in circles chasing the water all day : )

the solution of the equation is 2.23 ⇒ answer b

step-by-step explanation:

* lets revise the meaning of exponential function

- the form of the exponential function is y = ab^x, where a ≠ 0, b > 0 ,  

  b ≠ 1, and x is any real number

- it has a constant base b

- it has a variable exponent x

- to solve an exponential equation, take the log or ln of both sides,  

  and solve for the variable

* lets solve the problem

∵

- the base is 7 and the exponent is x

- insert ㏑ in both sides

∴

- use the rule

∴ x ㏑(7) = ㏑(77)

- to find x divide both sides by ㏑(7)

∴

* the solution of the equation is 2.23 to the nearest 2 decimal places

a

step-by-step explanation: