You want to have 80000 college fund in 12 years. How much will you have to deposit now under the scenario below. Assume that you make no deposits into the account after the initial deposit. An APR of 7.5​% compounded daily

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  $32,528.58

Step-by-step explanation:

For simplicity, we'll assume each year has 365 days.

The future value A of principal amount P at rate r compounded daily for t years is ...

  A = P(1 +r/365)^(365t))

We want P when A = 80,000, r = 0.075, and t = 12.

  P = A/(1 +r/365)^(365t)

  P = $80000/(1+0.075/365)^(365·12) ≈ $32,528.58

You will have to deposit about $32,528.58.

question 1 is 8, question 2 is 9, question 3 is 24

step-by-step explanation:

now, the numbers they give you at the top are the key. from there, you just have to plug and chug! let's try 1, 2, and 3!

key: a=3, b=5, c=6

1. a+5

remember, a=3, so we plug that in to get 3+5=8

2. 15-c

c=6, so we plug that in to get 15-6=9

3. 4b

b=6, so we plug it in to get 4*6=24

time to try the rest on your own! if you put the answers below in a comment, i'll check them for you!

0.02040816326