Need someone to explain to me how to solve this, not just give an answer !
john wants to have...
Mathematics, 25.10.2019 02:43 FreyaLouise
Need someone to explain to me how to solve this, not just give an answer !
john wants to have $2 000 in 3 years. the current rate of return for a high interest savings account is 2.8%, compounded annually. the money, p dollars, that john must invest now is given by the formula p initial investment = 2 000 (1.028) -3, where the exponent of the power is the time, in years.
a. how much must john invest now to have $2 000 in 3 years?
b. assuming the interest rate remains consistent, how much money will john have in 5 years if he doesn’t touch the investment after the initial 3 years?
Answers: 2
Mathematics, 21.06.2019 17:30
Asphere has a diameter of 10 in. what is the volume of the sphere?
Answers: 1
Mathematics, 21.06.2019 19:00
Lena reflected this figure across the x-axis. she writes the vertices of the image as a'(−2, 8), b'(−5, 6), c'(−8, 8), d'(−4, 2).
Answers: 2
Mathematics, 21.06.2019 19:00
How much orange juice do you need to make 2 servings of lemony orange slush?
Answers: 1
History, 08.03.2021 09:00
Mathematics, 08.03.2021 09:00
Chemistry, 08.03.2021 09:00
Mathematics, 08.03.2021 09:00
Chemistry, 08.03.2021 09:00
Mathematics, 08.03.2021 09:00
Mathematics, 08.03.2021 09:00
Geography, 08.03.2021 09:00
Mathematics, 08.03.2021 09:00
Biology, 08.03.2021 09:00
English, 08.03.2021 09:00
Mathematics, 08.03.2021 09:00
Mathematics, 08.03.2021 09:00
Spanish, 08.03.2021 09:00