Answer:
$712.
Step-by-step explanation:
We have been given that a fund earns a nominal rate of interest of 6% compounded every two years. We are asked to find the amount that must be contributed now to have 1000 at the end of six years.
We will use compound interest formula to solve our given problem.
, where,
A = Final amount,
P = Principal amount,
r = Annual interest rate in decimal form,
n = Number of times interest is compounded per year,
t = Time in years.
Since interest is compounded each two years, so number of compounding per year would be 1/2 or 0.5.
Therefore, an amount of $712 must be contributed now to have 1000 at the end of six years.
Answer:
For 10 plot a point 3 lines back and 5 lines back
For 11 its 2
Step-by-step explanation:
The ordered pair that is a solution of the system is (-2, 8).
<h3>Which ordered pair is included in the solution set to the following system?</h3>
Here we have the system of inequalities:
y > x² + 3
y < x² - 3x + 2
To check which points are solutions of the system, we can just evaluate both inequalities in the given points and see if they are true.
For example, for the first point (-2, 8) if we evaluate it in the two inequalities we get:
8 > (-2)² + 3 = 7
8 < (-2)² - 3*(-2) + 2 = 12
As we can see, both inequalities are true. So we conclude that (-2, 8) is the solution.
(if you use any other of the 3 points you will see that at least one of the inequalities becomes false).
If you want to learn more about inequalities:
brainly.com/question/18881247
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Answer:
Step-by-step explanation:
