Chaz wishes to have $1,000 in an account paying 7% simple interest per year in 2.5 years. How much must he invest today to have the desired funds in 2.5 years?

$851.06

Explanation:

The computation of the principal is shown below:

As we know that

Amount = Principle + Simple interest

Amount = Principle + (Principle × Rate × time)

So,

Principal = Amount ÷ 1 + Rate  × time

               = $1,000 ÷ (1 + 0.07 × 2.5)

              = $1,000 ÷ 1.175

              = $851.06

We applied the amount and the simple interest formula

these are the four factors that influence enterpreneurship development

1. economic development

2. culture

3.technological development

4. education

the correct answer is - no.

winnipeg, canada, is not further away from the equator than moscow, russia, in fact moscow is the city that is further away from the equator. moscow is on a latitude of 55.7558° north, while winnipeg is on a latitude of 49.8951° north, thus putting moscow by 5.8607° further away from the equator than winnipeg is.