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.
Make a proportion to get the answer the proportion will be
to give you the answer of 37.5
Answer:
23 pieces of yarn
Step-by-step explanation:
12.42cm divided by 0.54cm = 23
pls mark brainliest....:)
You can this is just the forms basically
Answer: Kate = £102
Sanjeev = £153
Step-by-step explanation:
From the question, we are informed that for every £2 that kat collects, sanjeev collects £3. This csn be represented in a fraction as:
Kat = 2/5
Sanjeev = 3/5
The amount that each collects will be:
Kat = 2/5 × £255
= 2 × £51
= £102
Sanjeev = 3/5 × £255
= 3 × £51
= £153
