Question

Use the present value formula to determne the amt to be invested now, or the present value needed

The desired accumulated amt is 80,000 after 13 years investedin an account with 4.7% interest compounded monthly./

The amt to be invested now, or the present value needed is___________

(Round to the nearest cent as needed.)

Step 1

To calculate the present value (PV) (the amount to be invested now) which yields the desired return under the given contions

Step 2

Formula for the prese...

Tagged in

Q: 6. A croissant shop has 7 types of croissants: plain, cherry, chocolate, almond, apple, cheese and h...

A: (a) The shop has 7 types of croissants.So n = 7. To choose one dozen croissants, so r = 12.Repetitio...

Q: Solve the initial value problem using the method of undetermined coefficients. y"+4y'+4y=(3+x)e-2x,...

A: The given intial value problem is given by,

Q: Give an example of a group with 105 elements. Give two examples of groups with 44 elements.

A: It is known that the set Z105 = {0, 1, 2, 3 ….., 104} forms a group under addition modulo and contai...

Q: Give an example of sets S and T where P(SUT)メP(S) U P(T)

A: Let, S={3,7} and T={4} be any set and P(SUT) be a power set of union of S and T.P(S)={∅,{3},{7},{3,7...

Q: Using definition in 61, can you please help me get the answer for 66.

A: To prove:

Q: Show that if charL(x) has a non-zero root, then for all m>0 we have Lm≠0. Explain what this means...

A: To relate non-zero eigenvalues and the characteristic polynomial of a linear operator

Q: 3. Suppose {fa) is an equicontinuous sequence of functions on a compact set K, and U.) converges poi...

A: Click to see the answer

Q: 36005+3977=?

A: The addition is shown below:

Q: Let x = (x1, ... ,xn) and y = (y1,...,yn) ∈ Rn be fixed. Recall that Rn is a vector space, and that ...

A: (a).Verify the following identity:

Sorry about that. What wasn’t helpful?