subject
Mathematics, 13.12.2019 10:31 miranda3837

How much money, as a one-time deposit, pv, would you need to deposit into an account that earns 1.5% compounded monthly to earn a future value, fv, of $7,500 in three years?

this amount can be found by using algebra to rearrange the function, fv=pv(1+rn)(ny), so that fv becomes an input variable and pv becomes the output variable.

pv=fv(1+rn)(βˆ’ny)

ansver
Answers: 3

Another question on Mathematics

question
Mathematics, 21.06.2019 20:00
You have 138.72 in your saving account u take out 45.23 and 18.00 you deposit 75.85 into your account
Answers: 1
question
Mathematics, 21.06.2019 22:20
Which strategy is used by public health to reduce the incidence of food poisoning?
Answers: 2
question
Mathematics, 22.06.2019 01:00
Mr. t has been dating his girlfriend for one year nine months and six days how many hours has mr. t been in a relationship
Answers: 1
question
Mathematics, 22.06.2019 01:00
(-y to the power of 2 - 4y- to the power of 2 -6 y +3)
Answers: 1
You know the right answer?
How much money, as a one-time deposit, pv, would you need to deposit into an account that earns 1.5%...
Questions
question
Social Studies, 02.01.2020 20:31
question
Mathematics, 02.01.2020 20:31
Questions on the website: 13722367