Answer: You should deposit about $17014 or little more
Step-by-step explanation:
use the compound interest formula.
A= p( 1 + r/n)^nt
Where A is the amount you will save over some years .
p is the principal or start up amount mostly known as the initial fee.
r is the interest rate represent by a decimal so 7% will be 0.07.
n is the number of times the interest is being applied annually. Semiannually means twice. So n will be 2.
T is the time the money will elapsed. So in 5 years the money will elapse. Now input the values into the formula and solve for p the principal.
24,000 = p( 1 + 0.07/2)^2*5
24,000= p( 1 + 0.035)^10
24000 = p( 1.035)^10
24000 = p( 1.41059876062) Divide both sides by 1.41059876062
p = 17104
Which means you should deposit about $17014 or little more
Answer:
3k
Step-by-step explanation:
8k-5k=3k
Answer:
Check the explanation
Step-by-step explanation:
The average amount of the exercise hours at the same time as I am at my home town is 50 hours a month
Does this diverge from average exercise while I am not in my home town? This is 46 hours
So,
Null: H0: μ = 30
H1: μ ≠ 30
Two tail test
Formula:
z = (46 - 50)/SD
Answer:
The answer is 22
Step-by-step explanation:
(3 • 5) = 15
7 + 15 = 22
22 is your answer
Answer: 13
Step-by-step explanation: It goes up by 5 so 8, 13, 18, 23, and etc
Please tell me if I'm wrong
