Use compound interest formula F=P(1+i)^n twice, one for each deposit and sum the two results.
For the P=$40,000 deposit,
i=10%/2=5% (semi-annual)
number of periods (6 months), n = 6*2 = 12
Future value (at end of year 6),
F = P(1+i)^n = 40,000(1+0.05)^12 = $71834.253
For the P=20000, deposited at the START of the fourth year, which is the same as the end of the third year.
i=5% (semi-annual
n=2*(6-3), n = 6
Future value (at end of year 6)
F=P(1+i)^n = 20000(1+0.05)^6 = 26801.913
Total amount after 6 years
= 71834.253 + 26801.913
=98636.17 (to the nearest cent.)
Answer:
4or 4/1
Step-by-step explanation:
X² - 64 = 0
(x - 8)(x + 8) = 0
x = - 8, 8
Your other solution is - 8
3.7x4=14.8. 14.8 cups of sugar
Answer: a. Total cost = 3g+2
b. The total cost of 8 games is $26.
Step-by-step explanation:
Given: Cost to bowl a game = $3
Shoe rental charge = $2 (One -time charge)
Total cost = (Cost to bowl a game) x (Number of games)+ (Shoe rental charge )
Let g= number of games, then the expression to find the total cost will be :
Total cost = 3g+2
To find the total cost of 8 games, put g=8, we get
Total cost = 3(8)+2
= 24+2 = $26
Therefore , the total cost of 8 games is $26.