What is the present value of an investment that will be worth $6000 at the end of five years? Assume an APR of 6% compounded monthly. (Round your answers to the nearest cent.)

Answers

Answer 1

Answer:

4448.23

Step-by-step explanation:

[tex]AV=PV(1+\frac{i}{n})^{nt}\\\\6000=PV(1+\frac{.06}{12})^{5*12}\\\\6000=PV*1.3488\\\\PV= 4448.23[/tex]

Answer 2

The present value of an investment that will be worth $6000 at the end of five years is, $4448.23

What is an expression?

Mathematical expression is defined as the collection of the numbers variables and functions by using operations like addition, subtraction, multiplication, and division.

Given that;

Annual value = $6,000

Time = 5 years

Rate = 6%

Hence, We get;

A = P (1 + r/n)ⁿˣ

Substitute all the values, we get;

⇒ 6000 = P (1 + 0.6/12)⁶⁰

⇒ 6000 = P × 1.3488

⇒ P = $4448.23

Thus, The present value of an investment that will be worth $6000 at the end of five years is, $4448.23

Learn more about the mathematical expression visit:

brainly.com/question/1859113

#SPJ3


Related Questions

FCDEF is congruent to MNPQ, then angle P is congruent to

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Answer:

The angles of both figures are listed in the same order. The first angle of the first one is congruent to the first angle of the second, and the second angle of the first one is congruent to the second angle of the second figure, and so on.

Step-by-step explanation:

You have a repeated 'F' in naming the first figure, so I think you made an error. But the rule in my answer is true and you can apply it.

13. Given f(x) = X – 3 and g(x) = 4x, find f(g(x)).
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Step-by-step explanation:

f(g(x))

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Step-by-step explanation:

option A is the correct answer according to my opinion .

plz mark my answer as brainlist if you find it useful.

to find the quotient 3/4 divided 1/8 multiply what by what​

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Answer:

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Hope this helps! :')

Step-by-step explanation:

Opposite sides are equal in length and opposite angles are equal in measure. To find the area of a parallelogram, multiply the base by the height. The formula is: A = B * H where B is the base, H is the height, and * means multiply

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Step-by-step explanation:

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Answer:

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Select the correct answer. What is the value of g(2)?​

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Step-by-step explanation:

of
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Answer:

Because the domain refers to the set of possible input values, the domain of a graph consists of all the input values shown on the x-axis.

Step-by-step explanation:

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Answer:

The domain of the expression is all real numbers except where the expression is undefined. In this case, there is no real number that makes the expression undefined. y=−5 is a straight line perpendicular to the y-axis at point (0,−5), which means that the range is a set of one value {−5}.

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Answer:

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Step-by-step explanation:

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How far apart would Mars and Jupiter be if they were on opposite sides of the Sun?

Answers

Answer:

approximately 550,390,000 km

Step-by-step explanation:

Answer:

approximately 550,390,000 km

Step-by-step explanation:

sorry im late

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Answer:

y= 28x+8

Step-by-step explanation:

Which ordered pair is a solution of the inequality y<3x+1?

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Answer:

c) (1,-3)

Step-by-step explanation:

-3<3(1)+1

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Answer:

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Step-by-step explanation:

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Answer:

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Step-by-step explanation:

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A juice company currently sells juice in gallon-size containers but wants to diversify to provide quart-size containers. If the company produces the number of gallons of juice every quarter given in the table, how many quarts will be produced in the first quarter?

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Answer:

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Step-by-step explanation:

Answer:

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Answers

Answer:

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Step-by-step explanation:

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Answers

Answer:

x=8

Step-by-step explanation:

Answer:

3x + 4 = 20

_-_4_-_ 4_

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Step-by-step explanation:

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The representative sample would be expected to have 6 blue marbles 8/24:2/x

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Answers

Answer:

Subtract

1

1

1

from both sides of the equation

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+

1

=

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2

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=

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1

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4

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Step-by-step explanation:

Answer:

5

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Answer:

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Answers

Answer:

Store C

Step-by-step explanation:

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Answers

False

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Answer:

No

Step-by-step explanation:

You can do this in two ways-

You can multiply 0.15 and 100, and you will get 15.

-OR-

You can move the decimal points two places to the right since 100 has two zeros. (You could move it to the right three if it were 1000 because it has three 0s)

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Answers

Answer:

incenter hope it helps

Step-by-step explanation:

The point of concurrency that always lies on the interior of a triangle is to be considered as the incenter.

What is incenter?

Here the incenter refer to the concurrency point of the angle bisectors with respect to all of the interior angle.

Here, the point where three angle bisectors of the angles of the triangle should be met out is called as the incenter.

Also, the incenter should always be lies within the triangle.

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Learn more about triangle here: https://brainly.com/question/22176005

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D

Step-by-step explanation:

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Answer:

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Step-by-step explanation:

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Please help ASAP Explanation is appreciated!

Answers

Answer:

x=20, y=100

Step-by-step explanation:

3x+2x=7x-40

5x=7x-40

2x=40

x=20

7x-40=y

140-40=y

100=y

y=100

According to the exterior angle theorem, the two remote interior angles are equal to the exterior angle. This is why we set 3x+2x equal to 7x-40.

According to the vertical angles theorem, two angles that are opposite and formed by two intersecting straight lines are equal. This is why we set 7x-40 equal to y.

Because we already knew that x was 20, we could put it into our equation. (7*20)-40=y.

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Step-by-step explanation:

Calculator (Factoring)

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Answers

Answer:3500 miles

Step-by-step explanation:

1=50

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Answer:

3,500

Step-by-step explanation:

1in = 50 miles

70 in x 50 miles - 3,500, so therefore

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hoped i helped you!

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