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:
ACV=$4,500
Step-by-step explanation:
We have that the actual cash value (ACV) is defined as:
Where:
actual cash value
replacement cost or purchase price of the item
expected life of the item
current life of the item
Then we have R=$6,000, C=5years, and to find the expected life of the item we can use the depreciating of the roof, then if the roof is depreciating $200 each year we just need to divide $4,000 by $200 to find the expected life of the roof:
Then the espected life of the roof is 20 years, with this result we have all the data, then:
Then the ACV is $4,500
Answer:
?
Step-by-step explanation:
Answer:
pages
Step-by-step explanation:
From the table, we know that Blaine can read 
pages in 
minutes. Therefore, Blaine can read 
pages per minute. Therefore, Blaine can read 
pages in 
minutes. Hope this helps!
