"<span>A company will need 40,000 in 6 years for a new addition. To meet the goal, the company deposits money into an account today that pays 4% annual intrest compund quarterly." Let's pretend that the instructions state, "Determine the amount of money that must be deposited upfront so that you will have $40,000 in 6 years."
Use the Compound Amount formula: A = P(1 + r/n)^(nt),
where P is the principal (the amount deposited upfront), r is the interest rate as a decimal fraction, n is the number of compounding periods, and t is the time in years.
Here, $40000 = P(1 + 0.04/4)^(4*6)
$40000
So the upfront $ needed is P = -------------------------
(1+0.01)^24
This comes out to $31502.65 (answer)</span>
Answer:
360°
Step-by-step explanation:
The sum of the exterior angles of any polygon is 360°
Answer:
The product is approximately 5400.
Step-by-step explanation:
9 1/16 rounded to the nearest whole number is 9.
645 3/5 rounded to the nearest hundred is 600.
Multiplying these values gives a product of 9·600 = 5400.
The product is approximately 5400.
Answer:
Step-by-step explanation:
y=2/3x-3
Answer:
C. two thirds x + 10 = 21
Step-by-step explanation:
Given
Price of adult ticket = $21.00
Let x be the price of student ticket
Then
two third of the student ticket will be:

The statement $10.00 more than two third of student ticket:

As we are given in the question that the adult ticket price is $21.00 and the second explanation is th equation formed by the given statement
So, both will be equivalent

Solving this equation for x will give us the price for the student ticket.
Hence,
C. two thirdsx + 10 = 21 is the correct answer ..