How much must be deposited today into the following account in order to have $30,000 in 7 years for a down payment on a house? Assume no additional deposits are made.
An account with annual compounding and an APR of 8%

$17505 must be deposited today.

Step-by-step explanation:

We would apply the formula for determining compound interest which is expressed as

A = P(1+r/n)^nt

Where

A = total amount in the account at the end of t years

r represents the interest rate.

n represents the periodic interval at which it was compounded.

P represents the principal or initial amount deposited.

From the information given,

A = 30000

r = 8% = 8/100 = 0.08

n = 1 because it was compounded once in a year.

t = year

Therefore,.

30000 = P(1 + 0.08/1)^1 × 7

30000 = P(1.08)^7

30000 = 1.7138P

P = 30000/1.7138

P = $17505

the y will be in still but your answer will be y x 3

step-by-step explanation:

jk: )

x > 1.3

step by step:

8.5−0.9x> 9.8−1.9x

step 1: simplify both sides of the inequality.

−0.9x+8.5> −1.9x+9.8

step 2: add 1.9x to both sides.

−0.9x+8.5+1.9x> −1.9x+9.8+1.9x

1x+8.5> 9.8

step 3: subtract 8.5 from both sides.

1x+8.5−8.5> 9.8−8.5

1x> 1.3

step 4: divide both sides by 1.

1x/1 > 1.3/1