9514 1404 393
Answer:
$6307.95
Step-by-step explanation:
The compound interest formula can help with that.
A = P(1 +r/n)^(nt) . . . . value of principal P at rate r for t years, compounded n times per year.
P = A(1 +r/n)^(-nt) = $8000(1 +0.04/2)^(-2·6) = $8000(1.02^-12) = $6307.95
Momba needs to deposit $6307.95 today to have $8000 in 6 years.
Round and then see what the number you have too add, subtract , multiply, and divide and then you would find the answer
Answer:
Step-by-step explanation:
The solution of system of equations is x=1.5 and y=2.75. It means, the yards of silk are 1.5 and yards of cotton are 2.75.
Gimbles Stuff will have the higher expected value.
Explanation: 15,000x0.3= 4,500 whereas 10,000x0.4= 4,000
