Answer:
What are the choices?
Step-by-step explanation:
Use compound interest formula F=P(1+i)^n twice, one for each deposit and sum the two results.
For the P=$40,000 deposit,
i=10%/2=5% (semi-annual)
number of periods (6 months), n = 6*2 = 12
Future value (at end of year 6),
F = P(1+i)^n = 40,000(1+0.05)^12 = $71834.253
For the P=20000, deposited at the START of the fourth year, which is the same as the end of the third year.
i=5% (semi-annual
n=2*(6-3), n = 6
Future value (at end of year 6)
F=P(1+i)^n = 20000(1+0.05)^6 = 26801.913
Total amount after 6 years
= 71834.253 + 26801.913
=98636.17 (to the nearest cent.)
Answer:
hes in debt 345 dollars
Step-by-step explanation:
There are multiple ways in which Anita can divide the sheet of paper for her calendar. First she can have it halved first then, divided by 6 or she can have it divided by 4 and divided each quarter by 3. Either way, each month would take up 1/12 of the total area of the paper.
