How many months are needed for an investment of 869,000 to generate 85,000 in interest, if the agreed rate is 12.5% per year.

Name: Solved: How many months are needed for an investment of 869,000 to generate 85,000 in interest, if the agreed rate is 12.5% per year. - MathMaster
Brand: MathMaster
Rating: 4.9 (277 reviews)

277

likes

1387 views

Answer to a math question How many months are needed for an investment of 869,000 to generate 85,000 in interest, if the agreed rate is 12.5% per year.

$Expert avatar$

Dexter

4.7

114 Answers

9.4 months

Frequently asked questions (FAQs)

What is the result when the complex numbers (-3 + 4i) and (2 - i) are multiplied together?

What is the number of basis vectors for a vector space with dimension 4?

Math question: Given triangle ABC, where angle BAC measures 60° and the angle bisector of angle BAC intersects side BC at point D, if AC = 8 cm and AD = 4 cm, find the length of BD.

New questions in Mathematics

A sample is chosen from a population with y = 46, and a treatment is then administered to the sample. After treatment, the sample mean is M = 47 with a sample variance of s2 = 16. Based on this information, what is the value of Cohen's d?

a runner wants to build endurance by running 9 mph for 20 min. How far will the runner travel in that time period?

5(4x+3)=75

3(2+x)-2(2x+6)=20-4x

58+861-87

Director of reservations believes that 9% of the ticketed passengers are no-shows. If the directors right what is the probability that the proportion of no-shows in a sample of 789 ticketed passengers with differ from the population proportion buy more than 3% round your answer to four decimal places.

According to a survey in a country 27% of adults do not own a credit card suppose a simple random sample of 800 adults is obtained . Describe the sampling distribution of P hat , the sample proportion of adults who do not own a credit card

In a grocery store, when you take out 3 peppers and 4 carrots, there are 26 peppers and 46 carrots left. How many peppers and carrots were there initially?

30y - y . y = 144

17. A loan for $104259 is taken out for 10 years with an annual interest rate of 9.4%, compounded quarterly. What quarterly payment is required to pay the loan off in 10 years? Enter to the nearest cent (two decimals). Do not use $ signs or commas in the answer.

Find the area of a triangle ABC when m<C = 14 degrees, a = 5.7 miles, and b = 9.3 miles.