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:
<h3>The answer is 70cm²</h3>
Step-by-step explanation:
Area of a parallelogram = base × height
From the question
base = 14 cm
height = 5 cm
Substituting the values into the above formula we have
Area = 14 cm × 5 cm
<h3>Area = 70cm²</h3>
Hope this helps you
Amy: 12 or 30
Sue: 0.34
Kit: 9/21
Kit is the better hitter.
Hope this helps :^)