Answer:
C- 100 values
Step-by-step explanation:
He needs to have $205783 amount of money to receive $5000 every 6 months for 10 years.
<h3>What is Interest ?</h3>
Interest is the amount of money received , when a certain lump sum amount is deposited.
It is given that the person is receiving ,
Interest = $5000 ,
after six months , every six month
Time Period = 10 years
Interest Rate = 4%
Compounded Semiannual
Let the principal amount be $x
Compound Interest is given by
Amount = P[ 1 + r/n]ⁿˣ
Here x is the time period
Therefore the Amount = x{ 1 +0.04/2}²⁰
x + 5000 *20 = x{ 1 +0.04/2}²⁰
x + 100000 = 1.486 x
x = $205783
Therefore he needs to have $205783 amount of money to receive $5000 every 6 months for 10 years.
To know more about Interest
brainly.com/question/13324776
#SPJ1
9514 1404 393
Answer:
it depends. 365.05 or 3.6505×10²
Step-by-step explanation:
In the US, 365.05 is already in standard form.
In the UK, "standard form" is the same as "scientific notation", so the number would be ...
3.6505×10²
Answer:
uhhh
Step-by-step explanation:
I know this isn't an answer but I've totally borrowed your profile pic and I hope you don't mind.. xD
