Answer:
$712.
Step-by-step explanation:
We have been given that a fund earns a nominal rate of interest of 6% compounded every two years. We are asked to find the amount that must be contributed now to have 1000 at the end of six years.
We will use compound interest formula to solve our given problem.
, where,
A = Final amount,
P = Principal amount,
r = Annual interest rate in decimal form,
n = Number of times interest is compounded per year,
t = Time in years.

Since interest is compounded each two years, so number of compounding per year would be 1/2 or 0.5.







Therefore, an amount of $712 must be contributed now to have 1000 at the end of six years.
326=12m+6c+x The reason your x does not have a number is because it is unknown so in order to solve for x you need to get rid of the 12m+6c so in order to that you can divide it on both sides so you would get 326/12m+6c=x the divide your numbers 18.1=x but you cant have a tenth of a djembe drum so you would have to round up to 19.
Answer:
(3,1);(6,-2)
Step-by-step explanation:
I pretty much just looked at where they both intersected with each other and you'll get your answer.