Find the present value that will grow to $30,000 if interest is 2% compounded quarterly for 17 quarters

Present value is;PV ≈ $27,561

Step-by-step explanation:

We are given;

Future value;FV = $30,000

Rate quarterly;R = 2% × ¼ = 1/200 = 0.005

Time;T = 17 quarters

We can find the present value from the formula;

FV = PV(1 + R)^(T)

So, making PV the subject, we have;

PV = FV/[(1 + R)^(T)]

Where PV is present value and all other terms remain as i defined them earlier.

Plugging in the relevant values, we obtain ;

PV = 30000/[(1 + 0.005)^(17)]

PV ≈ $27,561

x ≥ 18 is your answer

step-by-step explanation:

let "a number" = x

(2/3)x + 17 ≥ 29

isolate the variable (x). do the opposite of pemdas (parenthesis, exponent (& root), multiplication, division, addition, subtraction).

first, subtract 17 from both sides.

(2/3)x + 17 (-17) ≥ 29 (-17)

(2/3)x ≥ 29 - 17

(2/3)x ≥ 12

next, multiply 3/2 to both sides to isolate the x

(3/2)(2/3)x ≥ 12(3/2)

x ≥ 12(3/2)

simplify. multiply, then divide

x ≥ (12 * 3)/2

x ≥ (36)/2

x ≥ 18

x ≥ 18 is your answer

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i dont understand the question? ?

step-by-step explanation: