Before we start answering the question, let's define the compound interest formula:
Where:
<span>'A'</span> is the amount of money in dollars
'P' is the principal amount of money in dollars
'r' is the interest rate (decimal)
'n' is the number of times interest is compounded per year
't' is the time in years
<span>
(A) Find Principal Amount</span><u /><span><u>Given:</u>
</span>A = 12,000
P = ?
r = 0.08
n = 2 (semiannually)
t = 5
Now we plug our values in and solve:



∴ You would have to deposit $8106.77 in order to have $12,000 in 5 years from now.
(B) Find Principal AmountSame given values as above, with the exception of 't' which is now 10 instead of 5.



∴ You would have to deposit $5476.64 in order to have $12,000 in 10 years from now.
Hope this helps!
The sum is the result of adding two or more numbers.
If one number is 7w and another number is 5, then the sum is
7w+5.
Answer: the algebraic expression for the word phrase the sum of 7w and 5 is 7w+5.
Answer:
Improper Fractions:
Step-by-step explanation:
1. 2 and 2/3
2. 2 and 1/4
3. 2 and 2/5
Answer:
3 for the first one 2ed one is 5
Step-by-step explanation:
Answer:
2(x-1)
Step-by-step explanation:
1. uncountable noun. You can use stuff to refer to things such as a substance, a collection of things, events, or ideas, or the contents of something in a general way without mentioning the thing itself by name. [informal] I'd like some coffee, and I don't object to the powdered stuff if it's all you've got.