The amount needed in the account when Frost retires is given by the annuity formula. Compounding is 2 times per year.
.. A = Pi/(n(1 -(1 +r/n)^(-nt)))
.. 17900 = P*.08/(2*(1 -(1 +.08/2)^(-2*12)))
.. 17900 = P*.04/(1 -(1.04^-24))
.. P ≈ 272,920.64
The compound interest formula can be used to find the present value required. 4015 days is 11 years (ignoring leap years), so the amount to deposit can be calculated from
.. A = P*(1 +r/n)^(nt)
.. 272,920.64 = P*(1 +.08/2)^(2*11) = P*1.04^22
.. P ≈ 115,160.33
We don't know about the company's obligation to Robert. To fulfill its obligation to Frost, it must deposit 115,160.33 today.
Answer:
3x = 4-x "hope this helps"
Step-by-step explanation:
Answer:25-11=14 so the fraction would be 11/25
Step-by-step explanation:
25-11=14
11/25 miles
The increase is D: 50% because the 1 in the parentheses stands for the 20 that was already there, with the .5 being the amount that’s actually being increased. 0.5 translates to 50%, so the answer is D.
Answer:
5x-18
Step-by-step explanation:
2x+3x-18
5x-18
if ur in college how do u not know this :P
