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:
54$
Step-by-step explanation:
We know that for each 13$ Rob earns babysitting, he saves 9$. Thus, we can separate the money he earns into groups of 13, and for each group of 13, we can add 9$ to his savings.
Assume that Rob has 78$ lying on a table. He grabs 13 of them, leaving 65, and puts 9$ to the side for savings. He does this 5 more times (as 65 divided by 13 is 5, so Rob would make 5 groups of 13 out of his 65$ that is left), meaning that he now has 5+1 (the original group) = 6 groups of 9. 9*6=54, so he saves 54$. Please let me know if you have any further questions!
Answer:
Step-by-step explanation:
Ok, so the slope has to be the same because it’s parallel.
y=2/3x+1
slope=2/3
y=-2
x=-5
y=2/3x+ what
-2=-3 1/3 + what
1 1/3
hence, y=2/3x+4/3
Answer:
sorry i dont know the answer .
