Money is invested into an account earning 4.25% interest compounded annually. if the accumulated value after 18 years will be $25,000, approximately how much money is presently in the account? a. $5,875 b. $11,820 c. $19,125 d. $23,960

Option (b) is correct.

The present amount in the account is $11,820

Step-by-step explanation:

Given :  Money is invested into an account earning 4.25% interest compounded annually. If the accumulated value after 18 years will be $25,000

We have to find the amount of money  is presently in the account.

Since, the interest is  compounded annually.

Using formula for the present value.

Where PV = present value.

FV is future value.

n is time period

and r is interest rate.

Given : FV = 25000

r = 4.25%

t = 18 years.

Substitute, we get,

Simplify, we get,

Thus, rounding to nearest tens, we have,

The present amount in the account is $11,820

on monday rodney ate 1/4th of the sandwich = 3/12

on tuesday he ate 1/3rd of the sandwich = 4/12

therefore in total he has eaten = 3/12 + 4/12 = 7/12

thus we can say that he has eaten 7/12 of the sandwich on monday and tuesday alltogether.

happy to

pls mark as brainliest.

13.46

step-by-step explanation:

16.80 x .20 = 13.46