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.
The result should be 4 if it’s using PEMDAS
Answer:
198
Step-by-step explanation:
27/9 becomes three and then there is no need to divide 198 by three because it is being multiplied by three
Answer:
8
Step-by-step explanation:
Answer:
3 1/4
Step-by-step explanation:
3 5/8 is too long
3 is too short so is 3 1/8
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