Mathematics, 26.11.2019 00:31 BeautyxQueen
Joey is saving up for a down payment on a car. he plans to invest $2,000 at the end of every year for 3 years. if the interest rate on the account is 2.05% compounding annually, what is the present value of the investment? $4,180.20 $5,762.15 $5,891.08 $5,978.76
Answers: 2
![\text{Present value}=P*[\frac{1-(1+r)^{-n}}{r}]](/tpl/images/0390/6197/f2b29.png)
, where,
,
,
.
![\text{Present value}=2000*[\frac{1-(1+0.0205)^{-3}}{0.0205}]](/tpl/images/0390/6197/24cde.png)
![\text{Present value}=2000*[\frac{1-(1.0205)^{-3}}{0.0205}]](/tpl/images/0390/6197/3a351.png)
![\text{Present value}=2000*[\frac{1-0.94093792}{0.0205}]](/tpl/images/0390/6197/1e6e8.png)
![\text{Present value}=2000*[\frac{0.05906208}{0.0205}]](/tpl/images/0390/6197/3e109.png)
Another question on Mathematics
Mathematics, 21.06.2019 13:00
Consider the function f(x)=−2/3x+5 . what is f(1/2) ? enter your answer, as a simplified fraction, in the box. f(1/2)=
Answers: 1
Mathematics, 22.06.2019 02:00
Me : julio wears a blue shirt every 3 days. larry wears a blue shirt every 4 days. on april 11, both julio and larry wore a blue shirt. what is the next date that they will both wear a blue shirt?
Answers: 2
Mathematics, 22.06.2019 02:30
Using the rise/run counting method, the slope of the line is
Answers: 1
Mathematics, 22.06.2019 02:30
From a group of 10 men and 8 women, 5 people are to be selected for a committee so that at least 4 men are on the committee. howmany ways can it be done?
Answers: 2
You know the right answer?
Joey is saving up for a down payment on a car. he plans to invest $2,000 at the end of every year fo...
Questions
Mathematics, 12.02.2020 20:30
Chemistry, 12.02.2020 20:30
Mathematics, 12.02.2020 20:31
