Find the present value of the amount

Assignment Help Mathematics
Reference no: EM132059963

Find the present value of the amount $45,678.93 if interest is 7.2% compounded monthly for 2 years. If your answer does not match exactly to one of these 4 answers, please pick the one of the 4 choices that is closest to your answer.

Reference no: EM132059963

Questions Cloud

Seats that corresponds to the maximum revenue : If the revenue R(x) is given by R(x) = 6000 + 50x - x2, where x is the number of unsold seats, find
Give an equation to straight line in the form : Give an equation to this straight line in the form y = mx + b.
Find the rate of change of elevation : A bicyclist is riding on a path modeled by a function f(x) =0.08, where x and f(x) are measured in miles. Find the rate of change of elevation at x=2
What percent of the panels will have a mass less : The mass of a particular fiberglass panel is normally distributed with mean of 66 kg and a standard deviation of 5 kg.
Find the present value of the amount : Find the present value of the amount $45,678.93 if interest is 7.2% compounded monthly for 2 years.
Which investment will earn the most interest in 6 years : Which investment will earn the most interest in 6 years?
What interest rate would they need to accumulate : What interest rate would they need to accumulate the entire $40,000 in 5 years?
How much would be in the account 5 years : John Smith invests a $25,000 inheritance in a fund paying 5.5% per year compounded continuously. How much would be in the account 5 years?
Find the average rate of change of divorces : Find the average rate of change of divorces with respect to time. Give your answer correct to 3 decimal places.

Reviews

Write a Review

Mathematics Questions & Answers

  Examine the property of mutually exclusive

let S = {a, b, c, d, e, f } be a sample space of an experiment and let E = {a, b}, F = {a, d, f }, and G = {b, c, e} be events of this experiment.

  Set up the integral for the volume of the solid

Set up the integral for the volume V of the solid obtained by rotating the region bounded by the given curve about the specified axis.

  Strategic planning process within quicken loans

Discuss the PEST technique with respect to at least one each of the political, economic, social, and technical factors. Explain how this knowledge could be used in the strategic planning process within Quicken Loans.

  What dimensions will now yield a maximum area

suppose the rectangular plot runs along a building, so that you need to fence only three sides. What dimensions will now yield a maximum area with 100 meters of fencing?

  Which project should the proprietor choose

INVESTMENT ANALYSIS The proprietor of Midland Construction Company has to decide between two projects. He estimates that the first project will yield a profit.

  What is the speed of the wind

A jet takes the same time to travel 2580 km with the wind as it does to travel 1800 km against the wind. If its speed relative to the air is 450 km/h.

  Suppose that the functions p and q are defined

Suppose that the functions p and q are defined as follows. p(x)^2+6 q(x)=√x+1

  Write two or three discrete mathematics problems

Imagine that you have been asked to write two or three discrete mathematics problems for a final exam. Choose problems from anywhere in your assigned reading and post them for classmates to solve. Pinpoint the area of discrete mathematics your..

  Angle of elevation of the sun

How tall is a building that casts a 71 ft shadow when the angle of elevation of the sun34°?

  What is the area of the base of the box

a box has a heigght of 16 centimeters and a volume of 2304 cubic centimeters. what is the area of the base of the box?

  Problem related to the linear programming

Determine whether the statement is true or false. If it is true, explain why it is true. If it is false, give an example to show why it is false.

  How fast is the area of the ripple increasing

A stone is tossed into a pond creating a circular ripple whose radius increases at a rate of 3 feet per second. In square feet per second, how fast is the area of the ripple increasing 15 seconds after the stone hits the water?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd