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
What is the slope of the line described by the equation 6x + 4y = 8
Answers (1)
Elena made 10 ounces of apple chips. She puts the same amount of apple chips into each of 4 containers. How many ounces of apple chips are in 1 container.
Answers (1)
Factor 4x^3 + 40x^2 + 100x
Answers (1)
Determine the value of x. DO, k (x, 9) → (-10, - 6)
Answers (1)
8*1 2/3 and Times 7*3 1/5
Answers (1)
New Questions in Mathematics
What is the square root of twenty five
Answers (1)
Verify the identity. tan^5x = tan^3xsec^2x - tan^3x
Answers (1)
A dust mite allergen level that exceeds 2 micrograms per gram (mg/g) of dust has been associated with the development of allergies. Consider a random sample of four homes and let Y be the number of homes with a dust mite level that exceeds 2 mg/g.
Answers (1)
Jade wants to visit her friends but wants to know if she can visit both of them without driving over 30km. Jade lives 11.4 km of east of her friend, Jessica. Her other friend, Olivia, lives 8.9km south of Jessica.
Answers (1)
Solve the equation. -10.1=w+5.3 what does w equal
Answers (1)