The amount needed in the account when Frost retires is given by the annuity formula. Compounding is 2 times per year.
.. A = Pi/(n(1 -(1 +r/n)^(-nt)))
.. 17900 = P*.08/(2*(1 -(1 +.08/2)^(-2*12)))
.. 17900 = P*.04/(1 -(1.04^-24))
.. P ≈ 272,920.64
The compound interest formula can be used to find the present value required. 4015 days is 11 years (ignoring leap years), so the amount to deposit can be calculated from
.. A = P*(1 +r/n)^(nt)
.. 272,920.64 = P*(1 +.08/2)^(2*11) = P*1.04^22
.. P ≈ 115,160.33
We don't know about the company's obligation to Robert. To fulfill its obligation to Frost, it must deposit 115,160.33 today.
Answer:
-4 1/3
Step-by-step explanation:
26 ÷ -6
= 26 / -6 (divide both top and bottom by 2)
= 13 / 3
= -13 / 3
= -4 1/3
Answer:
Since the price is given by an exponential function, the decline in price is exponential.
The component will cost $36.8475 in three years.
Step-by-step explanation:
The equation for the price of a component has the following format:

In which P(t) is the price after t years, P(0) is the initial price, and r is the rate that the price decreases.
Since the price is given by an exponential function, the decline in price is exponential.
The price of a computer component is decreasing at a rate of 15% per year.
This means that 
Component costs $60 today
So P(0) = 60. Then



What will it cost in three years?
This is P(3).


The component will cost $36.8475 in three years.
Answer:

Step-by-step explanation:
If there is 1500 cellular phones per 1000 people, then the number of phones per person is:

Now we know that 
I believe C because 1840+14%x2which would be the two years = 2355.20