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:
31 quarters
Step-by-step explanation:
The best estimate for 1,374 is 1,400 and the best estimate for 6 is 10. This is because anything that is 5 and above you change it. Example: 16 the best estimate for 16 is 20 because 6 is above 5. And when a number is 4 and below you change the number below. Example: 12 the best estimate for 12 is 10 because 2 is below 4. And when the number is perfect like 10, you can keep the number the same. Example:10,20,30,40,50,60etc.
Hope this Helped! :)
Answer:
4 - 2m + 3
Step-by-step explanation:
when you distribute the negative sign you will get this
Answer:
0.40x = 320
Step-by-step explanation:
40 = percent, 320 = part. Write the percent as a decimal and multiply by the whole.
