How much money should be deposited today in an account that earns 4% compounded monthly so that it will accumulate to $8000 in three years? the amount of money that should be deposited is $ 1. (round up to the nearest cent.)

$7105.27

Step-by-step explanation:

Given : The Principal amount : P= $8000

Rate of interest : r=4% = 0.04

Time : t= 3 years

The formula to find the compound amount compounded monthly is given by :-

i.e.

i.e.

i.e.

i.e.

Hence, the amount of money that should be deposited is $ 7105.27

99

step-by-step explanation:

step-by-step explanation:

there is a formula i can give you:

it is r^2*n*sin(360/n) divided by 2 where r represents the "radius" and n is the number of sides.

plug them in:

(10sqrt(3))^2*6*sin(360/6) divided by 2

100*3*6*sin(60) divided by 2

900*sin(60)

900*sqrt(3)/2

450*sqrt(3)

approx is 779.4 cm^2