<span>Moxie wants to have $5000. how much money does she have to deposit in an account at 6% interest, compounded 3 times per year, in order to have $5000 at the end of 6 years? The formula for compound interest AMOUNT is
A = P (1 + r/n)^(nt),
where P is the principal and must be calculated here; A is the amount Moxie wants to have after 6 years, and is $5000; r is the annual interest rate, expressed as a decimal fraction: 0.06; n is the number of compounding periods per year, which here is 3; and t is the time, in years, here equal to 6.
Solve the following for P: $5000 = P (1 + 0.06/3)^(3*6)
Hint: $5000 = P (1.02)^18
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I believe the measure of FE would be 6cm
I got this same question on a test, the answer is A.
Answer:
8 Barbie dolls.
Step-by-step explanation:
For this you can make a equation with addition.
4+x=12
Subtract 4 on both sides:
4-4+x=12-4
x=8
So, she needs 8 barbie dolls.
