Answer:
$8950.37
Step-by-step explanation:
Use the compound amount formula A = P(1 + r/n)^(nt), in which P is the initial amount of money (the principal), r is the interest rate as a decimal fraction, n is the number of times per year that interest is compounded, and t is the number of years.
Here we have A = $11,000, n = 2, r = 0.07 and t = 3, and so:
$11,000 = P(1 + 0.07/2)^(2*3), or
$11,000 = P (1.035)^6
$11,000 $11,000
Solving for P, we get P = ---------------- = ------------- = $8950.37
1.035^6 1.229
Depositing $8950.37 with terms as follows will result in an accumulation of $11,000 after 3 years.
Answer:
work is pictured and shown
Answer:
i think b
Step-by-step explanation:
tell me if im wrong
8 / 6 3/10
= 8 * 10/63
=80/63
3 4/15 / 80/63
= 49/15 * 63/80
=<u>2.5725</u>
Answer:
y: 139 x: 139 too
Step-by-step explanation: