Mathematics
Mathematics, 10.12.2021 01:00, LillySchool6529

How much money, as a one-time deposit, PV , would you need to deposit into an account that earns 1.5% compounded monthly to earn a future value, FV , of $7,500 in three years? This amount can be found by using algebra to rearrange the function, FV=PV(1+rn)(nY) , so that FV becomes an input variable and PV becomes the output variable.

PV=FV(1+rn)(−nY)

Use this function to find the amount needed as a one-time deposit to earn $7,500 in 3 years.

answer
Answers: 2

Other questions on the subject: Mathematics

image
Mathematics, 21.06.2019 19:00, ale1910
Quick! a survey of 57 customers was taken at a bookstore regarding the types of books purchased. the survey found that 33 customers purchased mysteries, 25 purchased science fiction, 18 purchased romance novels, 12 purchased mysteries and science fiction, 9 purchased mysteries and romance novels, 6 purchased science fiction and romance novels, and 2 purchased all three types of books. a) how many of the customers surveyed purchased only mysteries? b) how many purchased mysteries and science fiction, but not romance novels? c) how many purchased mysteries or science fiction? d) how many purchased mysteries or science fiction, but not romance novels? e) how many purchased exactly two types of books?
Answers: 3
image
Mathematics, 21.06.2019 19:00, abraham1366
Which values of p and q result in an equation with exactly one solution? px-43=-42x+q choose all answers that apply: a) p=-43 and q=-43 b) p=42 and q=43 c) p=43 and q=−42 d) p=42 and q=42
Answers: 1
image
Mathematics, 21.06.2019 20:30, amyaacrawford86
Solve each quadratic equation by factoring and using the zero product property. 14x - 49 = x^2
Answers: 2
image
Mathematics, 21.06.2019 21:00, mathishard353
Finding tbe values of the variables in each kite
Answers: 1
Do you know the correct answer?
How much money, as a one-time deposit, PV , would you need to deposit into an account that earns 1.5...

Questions in other subjects:

Konu
Mathematics, 21.04.2020 22:03