If u solve using the step by step equation process u will get the answer
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:
(1/4,-121/8)
Step-by-step explanation:
Answer:
The unit rate of $10 per hour.
Step-by-step explanation:
Given
See attachment for graph
Required
What does the given point represents
From the attachment, the origin of the graph is:
and we have the given point to be:
Calculate the slope (m)
The slope represents $10/1 hour
Hence:
means the unit rate is $10 per hour
