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1. What is the present value of a security that will pay $15,000 in 15 years if securities of equal risk pay 8.9% annually? Round your answer to the nearest cent.
475,858.20
2. Your parents will retire in 15 years. They currently have $270,000, and they think they will need $1 million at retirement. What annual interest rate must they earn to reach their goal, assuming they don't save any additional funds? Round your answer to two decimal places.
3. If you deposit money today in an account that pays 7.7% annual interest, how long will it take to double your money? Round your answer to the nearest whole.
6 and 3/8 minus 1 and 3/4
Your grandparents gave you a gift of R2 000 on your 16th birth day. You want to invest the money in an account over four years. You have an option of investing the R2 000 at 8% per
apzza driver delivered 27 pizzas in one night he delivered more then one pizza to only one house . every other hhouse he only delivered pizza to 18 houses . how many pizzas did he
Change of base: The final topic that we have to look at in this section is the change of base formula for logarithms. The change of base formula is,
4 8/16+1/
Hi, I don''t know how to solve 2(5x+3)
Properties of Dot Product - proof Proof of: If v → • v → = 0 then v → = 0 → This is a pretty simple proof. Let us start with v → = (v1 , v2 ,.... , vn) a
1. For a function f : Z → Z, let R be the relation on Z given by xRy iff f(x) = f(y). (a) Prove that R is an equivalence relation on Z. (b) If for every x ? Z, the equivalenc
8sinx-cosx=4
an insurance salesman sells policies to 5 men, all of identical age in good health. the probability that a man of this particular age will be alive 30 years hence is 2/3.Find the p
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