MeloWuzzHere5709 MeloWuzzHere5709

03-07-2021
Business

contestada

Penelope withdraws $4,115.23 at the end of a five-year investment yielding 4% interest, compounded annually. How much did Penelope originally deposit

Respuesta :

04-07-2021

Answer:

$3,382.42

Explanation:

The amount originally deposited by Penelope (PV) can be determined using a Financial calculator as follows :

FV = $4,115.23

PMT = $0

N = 5

I = 4 %

P/YR = 1

PV = ?

The PV is $3,382.42

thus,

Penelope originally deposited $3,382.42

Answer Link

Otras preguntas

What are the macromolecules DNA and RNA referred to as? Proteins Carbohydrates Nucleic acids

What was the first act that the Parliament passed in an attempt to raise revenue by taxing the American colonists? The Quartering Act: obligated colonial legisl

All the genes of all members of a particular population make up the populations ? A.genotype B.phenotype C.gene pool D.relative frequency

what is a scientific species designation

Did I balance this correctly?

Factor u^2 + 18u + 17

30 POINTS 6. THE greater than negative number the _____ away it is on the number line. 7.zero is neither _____nor _____. 8. The smaller the negative number the

what is the coefficient constant and factor of 5x^2 3x 12

what best describes a firewall

1. According to the Proportional Angle Bisectors Theorem, which of the proportions is true about similar triangles JKL and MNP? KH/HL = PQ/QN JH