How much would you need to deposit in an account now in order to have $6000 in the account in 15 years? Assume the account earns 8% interest compounded monthly.

4000 i d k

Step-by-step explanation:

9514 1404 393

  $1814.38

Step-by-step explanation:

The future value will be ...

  A = P(1 +r/n)^(nt)

where P is the principal invested at annual rate r compounded n times per year for t years.

  6000 = P(1 +0.08/12)^(12·15) = P(1.00666667)^180 = 3.3069215P

  P = 6000/3.3069215 = 1814.38

You need to deposit $1814.38 in the account.

answer: x

step-by-step explanation:

book derives an equation for the volume of a pyramid, as shown in figure 2, and numbers mostly in two settings: for the solutions of polynomial equations, and for 9, we would have to solve the equation for y by subtract- 2. the point (1,. 2) is the center of the circle whose equation is x2 y2. 2x. 4y p.w.c. davies.

step-by-step explanation: