Determine the amount of money, to the nearest dollar, you must invest now at 5% per year compounded annually, so that you will be a millionaire in 35 years. Round your answer to the nearest cent.
?
$__________

Fill in the blank(s) with the appropriate word(s).


181,290.29

Mathematics

You might also like to view...

Innovation is a competitive advantage for Gillette.

Answer the following statement true (T) or false (F)

Mathematics

By graphing the function, visually estimate its domain and range.g(x) = x2 - 5

A. Domain: [5, ?); range: (-?, ?) B. Domain: [5, ?); range: [5, ?) C. Domain: (-?, ?); range :[-5, ?) D. Domain: (-?, ?); range: (-?, ?)

Mathematics

Find the compound amount for the certificate of deposit. Assume daily compounding using the following table. Round to the nearest cent.Amount: $6500Rate: 5%Years: 5

A. $7939.03 B. $8773.87 C. $7551.85 D. $8346.02

Mathematics

Factor completely. If the polynomial is prime, state this.-20x3 - 40x2 - 15x

A. x(2x + 3)(-10x - 5) B. -5x(2x + 3)(2x + 1) C. -5(2x2 + 3)(2x + 1) D. x(-10x - 15)(2x + 1)

Mathematics