Answer:
a.) 3.236 or -1.236
Step-by-step explanation:
Used an online calculator for this answer...
Using the Quadratic Formula where

The discriminant b^2−4ac > 0
so, there are two real roots.
Simplify the radical...

This simplifies to...

You start by looking at what number can divide evenly into both 16 and 48. Both numbers are divisible by 16. 16 goes into 16 once and 16 goes into 48 three times. So you divide each term by 16 and your expression should look like this: 16 (p+3)
9514 1404 393
Answer:
$27,026.90
Step-by-step explanation:
The future value formula can be solved to find the present value required.
FV = P(1 +r)^t . . . future value of P compounded at annual rate r for t years
$100,000 = P(1 +0.08)^17
P = $100,000/3.70002 . . . . divide by the coefficient of P
P = $27,026.90
You would need to deposit #27,026.90 now to reach this goal.