maciehutch maciehutch

14-10-2019
Mathematics

contestada

20 POINTS!!
How much should a mother invest at the time her son is born in order to provide him with $50,000 at age 21? Assume that the interest is 6% compounded annually.

Respuesta :

Auspicious Auspicious

14-10-2019

Step-by-step explanation:

x * 1.06^21 = 50,000

x * 3.3995636 = 50,000

x = 12,513.6524 --> $12,513.66

Answer Link

forgotten29finished forgotten29finished

14-10-2019

Answer:

I just need the points

Step-by-step explanation:

1. 1 times 1 is 1

Answer Link

Otras preguntas

Choose the statement below that is correct for gas particles according to KMT. 1. At a given temperature, the KE of a gas is directly related to the molar mass.

A sound wave enters a new medium where sound travels faster. How does this affect the frequency and wavelength of the sound? The frequency increases and the wav

During isovolumetric relaxation, what opens the AV valves?

Match the following. a. volcanic cone b. tropical storm c. subtropical d. isthmus 1. land bridge connecting two continents 2. area between thirty and forty de

Hose A can fill a bucket in 2 minutes and hose B can fill the same bucket in 3 minutes. How long would it take to fill the bucket if both hoses were used at the

if 4520 kj of heat is needed to boil a sample of water, what is the mass of water

Suppose people decide they no longer like striped shorts but they love plaid shorts. As a result, a. supply of striped shorts will decrease and shift to the ri

What is the image point of (1,2) after a translation right 5 units and up 3 units

Please help me with this problem. This is urgent. It is timed.

Scientists want to place a telescope on the moon to improve their view of distant planets. The telescope weighs 200 pounds on Earth. What will happen to the wei