Mathematics, 26.11.2019 00:31 BeautyxQueen
Joey is saving up for a down payment on a car. he plans to invest $2,000 at the end of every year for 3 years. if the interest rate on the account is 2.05% compounding annually, what is the present value of the investment? $4,180.20 $5,762.15 $5,891.08 $5,978.76
Answers: 2
![\text{Present value}=P*[\frac{1-(1+r)^{-n}}{r}]](/tpl/images/0390/6197/f2b29.png)
, where,
,
,
.
![\text{Present value}=2000*[\frac{1-(1+0.0205)^{-3}}{0.0205}]](/tpl/images/0390/6197/24cde.png)
![\text{Present value}=2000*[\frac{1-(1.0205)^{-3}}{0.0205}]](/tpl/images/0390/6197/3a351.png)
![\text{Present value}=2000*[\frac{1-0.94093792}{0.0205}]](/tpl/images/0390/6197/1e6e8.png)
![\text{Present value}=2000*[\frac{0.05906208}{0.0205}]](/tpl/images/0390/6197/3e109.png)
Another question on Mathematics
Mathematics, 22.06.2019 01:00
Ameteorologist is studying the monthly rainfall in a section of the brazilian rainforest. she recorded the monthly rainfall, in inches, for last year. they were: 10.4, 10.3, 11.7, 11.1, 8.0, 4.4, 2.6, 1.8, 2.5, 4.4, 7.3, 9.5 fill in the missing values in the formula. what is the variance?
Answers: 1
Mathematics, 22.06.2019 03:30
Sections of prefabricated woods are each 5 1/3 feet long, how long are 7 1/2 sections placed end to end?
Answers: 3
Mathematics, 22.06.2019 05:30
The following figure shows four lines intersecting at a point. in a complete sentence, describe the angle relationship in the diagram. write an equation for the relationship shown in the figure and solve for x and y. confirm your answer by measuring the angle with a protractor
Answers: 1
You know the right answer?
Joey is saving up for a down payment on a car. he plans to invest $2,000 at the end of every year fo...
Questions
Mathematics, 22.09.2020 16:01
Mathematics, 22.09.2020 16:01
English, 22.09.2020 16:01
Arts, 22.09.2020 16:01
Computers and Technology, 22.09.2020 16:01
Mathematics, 22.09.2020 16:01
English, 22.09.2020 16:01
Biology, 22.09.2020 16:01
Health, 22.09.2020 16:01
Mathematics, 22.09.2020 16:01
Mathematics, 22.09.2020 16:01
