I think its a. Good luck!
Given rate is = 7% or 0.07
Total amount needed = $12000
Time = 4 years
Here, the deposit is compounded semiannually, means twice per year and this gives 8 annual compounding periods in 4 years.
The equation becomes:
P= 
P = 
Solving it, we get P = $ 9112.93
Hence $9112.93 should be deposited today.
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Factor
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using the AC method.
Tap for fewer steps...
Factor
x
2
−
x
−
2
using the AC method.
Tap for more steps...
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Remove unnecessary parentheses.
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Answer: c = 2
Step-by-step explanation: Solve for c by simplifying both sides of the equation, then isolating the variable.