gymnasthailey03 gymnasthailey03
  • 01-04-2019
  • Mathematics
contestada

how much you need to deposit today to have $1000 in 5 years at 3%.

Respuesta :

jakehorror jakehorror
  • 01-04-2019

use equation A(t) = a(1+r)^t to solve. you want to find the starting so solve for A

1000 = a(1+.03)^5

1000 = 1.1592740743a

a = $862.61

Answer Link

Otras preguntas

Find each percent change. State whether % is increase or decrease. Original: 20 members New: 27 members
What type of star has an absolute brightness of 5 and a surface temperature around 3,000 °C? a. supergiant b. giant c. main sequence d. dwarf
Loss ability to store new long-term memory
What Techniques did Joseph Stalin use to strengthen his power in the Soviet Union following Vladimir Lenin’s death?
A triangular poster has a base of 2 1/2 feet and a height of 1 3/4 feet what is the area of the poster
Which case established the Supreme Court as the umpire” between state and federal conflict?
what is the range of 1/2 1/8 1/2 5/8 1/4 1/4 1/2 3/4 1/8 5/8 1/4 1/2
if f(×)=4×^2+1 and g(x)=×^2-5 find (f-g)(×)​
Jada is solving the equation shown below. -1/2 (x+4) = 6 Which is a possible first step to begin to simplify the equation? Check all that apply. Divide both sid
What are the whole steps to get the answer for 4x -6=x +9?