(b)If P = 1250 (1+x) n represent the present value of a sum of money deposited in n years at an interest x per year. (i) Find the initial deposited value. (ii) If x = 0.067 find P after 20 years.
(b)If P = 1250 (1+x) n represent the present value of a sum of money deposited in n years at an interest x per year. (i) Find the initial deposited value. (ii) If x = 0.067 find P after 20 years.
Algebra and Trigonometry (6th Edition)
6th Edition
ISBN:9780134463216
Author:Robert F. Blitzer
Publisher:Robert F. Blitzer
ChapterP: Prerequisites: Fundamental Concepts Of Algebra
Section: Chapter Questions
Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...
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1) find the initial deposited value
2) if x = 0.067 find p after 20 years .
![(b)If P = 1250 (1+x) n represent the present value of a sum of money
deposited in n years at an interest x per year.
(i) Find the initial deposited value.
(ii) If x = 0.067 find P after 20 years.
%3D](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F8becbe18-099a-4247-b9e3-bf457ac31f1b%2Fc501dd49-1827-42e1-88db-e77c825d3a45%2Fqkej1ou_processed.jpeg&w=3840&q=75)
Transcribed Image Text:(b)If P = 1250 (1+x) n represent the present value of a sum of money
deposited in n years at an interest x per year.
(i) Find the initial deposited value.
(ii) If x = 0.067 find P after 20 years.
%3D
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