Answer:
The population of 75 hours from now would be 40,000.
Step-by-step explanation:
The reason for this is because your initial number is 10,000 and when 25 hours pass by, your population would be 20,000. Another 25 hours pass by, and then your population would be 40,000. If you multiply 25 by 3, you will notice 75 hours have just passed, so your answer would be 40,000.
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.
To a higher number the six changes value in this number above
