FV = PV(1 + i)n to calculate i if PV = $2,000, FV = $9,321.91, and n = 20

Name: Solved: FV = PV(1 + i)n to calculate i if PV = $2,000, FV = $9,321.91, and n = 20 - MathMaster
Brand: MathMaster
Rating: 4.9 (56 reviews)

likes

279 views

Answer to a math question FV = PV(1 + i)n to calculate i if PV = $2,000, FV = $9,321.91, and n = 20

$Expert avatar$

Eliseo

4.6

111 Answers

FV = PV(1 + i)n to calculate i if PV = $2,000, FV = $9,321.91, and n = 20 substitute values 9321.91 = 2000(1+i)20 9321.91 = (2000+2000i)20 9321.91 = 40000+40000i 9321.91-40000 = 40000i -30768.09 = 40000i i = -0.77

Frequently asked questions (FAQs)

What is the side length of a square if its area is equal to 36 square units?

What is the speed in meters per second, of a car that travels a distance of 500 meters in 25 seconds?

Math Question: Find the derivative of f(x) = cos(x) - sin(2x)

New questions in Mathematics

Find an arc length parameterization of the curve that has the same orientation as the given curve and for which the reference point corresponds to t=0. Use an arc length s as a parameter. r(t) = 3(e^t) cos (t)i + 3(e^t)sin(t)j; 0<=t<=(3.14/2)

12-6x=4x+2

Karina has a plot of 5,000 square meters in which she has decided that 60% of it will be used to plant vegetables. Of this part, 12% will be dedicated to planting lettuce. How much surface area of the plot will be used for cultivation?

How many percent is one second out a 24 hour?

In a random sample of 600 families in the Metropolitan Region that have cable television service, it is found that 460 are subscribed to the Soccer Channel (CDF). How large a sample is required to be if we want to be 95% confident that the estimate of “p” is within 0.03?

Determine the correct value: A company knows that invoices pending collection have a normal distribution with a mean of $1.65 million, with a standard deviation of $0.2 million, then: The probability that an invoice pending collection has an amount that is within more than 2 deviations below the mean, is:

What payment 7 months from now would be equivalent in value to a $3,300 payment due 23 months from now? The value of money is 2.7% simple interest. Round your answer to 2 decimal places. Show all work and how you arrive at the answer..