A company will need $50,000 in 6 years for a new addition. To meet this goal, the company deposits in an account today that pays 5% interest conpounded annually. Find the amount to the nearest hundred dollars that should be invested to total $50,000 in 6 years?
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “A company will need $50,000 in 6 years for a new addition. To meet this goal, the company deposits in an account today that pays 5% ...” in 📙 Mathematics if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Kendra bought a shirt for $31.75 and a skirt for $29.99. How much change did she receive if she paid with a one-hundred dollar bill?
Answers (1)
List three values that would make this inequality true 48x < 6n
Answers (1)
Simplify the expression - 7 (-10-6) + 1v+10v
Answers (1)
Which statements are true about the fully simplified product of (b - 2c) (-3b + c) ? Check all that apply. The simplified product has 2 terms. The simplified product has 4 terms. The simplified product has a degree of 2.
Answers (1)
Write a fraction that is less than 5:6 and has a denominator of 8
Answers (2)
New Questions in Mathematics
How can you add a figure to a composite figure without increasing its perimeter? Draw a diagram to support your answer
Answers (1)
Solve the following: 32 : 4 + 4 * 8 = ? A. 96 B. 40 C. 42 D. 32
Answers (1)
What is a commutative property of cd
Answers (1)
Visitors at Public Pool Use the drop-down menu to complete the statement. Based on the data in the line graph, you can predict there will likely be y visitors in December compared to October.
Answers (2)
An eight-sided die is rolled and a coin is tossed. What is the probability of landing on an even number and getting heads?
Answers (1)