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.
Answer:
{x | x > -4}
Step-by-step explanation:
The direction of the < or > sign only changes when numbers are multiplied or divided by negatives.
Because to simplify 9x > -36 you only need to divide by 9, the sign stays the same and the numbers are simply divided:
x > -4
So the solutuon set would be:
<h3>{x | x > -4}</h3>