the total revenue R earned per day (in dollars) from a pet sitting service is gi
ID: 2912713 • Letter: T
Question
the total revenue R earned per day (in dollars) from a pet sitting service is given by R(p)=-12 P (in city from 2000 through 2014 can be (a) Find the value of k. (Round your answer to four decimal places.) O Because k is positive, the population is decreasing O Because k is positive, the population is increasing O Because k is negative, the population is decreasing Because k is negative, the population is increasing 2020 P 2025 ? people thousand people are not reasonable. The population cannot continue to increase at the same rate it did from the year 2020 to 2025 ate from the year 2020 to 2025. Noed Help? aen 107.1 055Explanation / Answer
r = 8%
A = $ 500,000
time = 19 years
applying compounded monthly formula
A = P ( 1 + r/n)^nt
500,000 = P ( 1 + .08/12 )^12*19
P = 500,000 / 4.54922
P = 109908.95
principal = $ 109908.95
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