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.
Answer:
What’s the question
Step-by-step explanation:
Answer:
$27.2
Step-by-step explanation:
680x0.04=. 27.2
She made $27.2 last week
Answer:
c
Step-by-step explanation:
because it is a outlier we can assume these 2 things:
it influences the mean and median, with the mean being effected more
because we know this, we can now solve the problem
both the median and mean decreased, but the mean decreased more than the median
The answer is3000.Hope it helps