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:
48
Step-by-step explanation:
Answer:.
W. T. F.
it has nothing to do with a dog!?!?!?!?!!?!?!?!?!?!?
Answer:
24
Explanation:
V = whl (width times height times length)
V = (2)(3)(4)
V = (6)(4)
V = 24
Answer:
41.86 miles each hour
Step-by-step explanation:
Kelli and her family went to the beach for a vacation. They drove 293 miles in 7 hours to get there. ABOUT how many miles did they drive each hour?
This Question is calculated as:
7 hours = 293 miles
1 hour = x miles
Cross Multiply
7 hours × x = 1 × 293 miles
x = 293 miles/7 hours
x = 41.857142857 miles per hour
x ≈ 41.86 miles per hour
Hence, they drove 41.86 miles each hour