Answer:
$18,087.23
Step-by-step explanation:
The future worth of the loan in 7 years compounded semiannually is computed as shown below using the future value formula adjusted for semiannual compounding:
FV=PV*(1+r/2)^n*2
FV is the worth of the loan in 7 years which is unknown
PV is the actual amount of loan which is $8,000
r is the rate of interest of 12%
n is the number of years of the loan which is 7 years
the 2 is to show that interest is computed twice a year
FV=8000*(1+12%/2)^7*2
FV=8000*(1+6%)^14
FV=8000*1.06^14=$18,087.23
Answer:
B
Step-by-step explanation:
<span>approximately 2000 less than is your answer.</span>
Answer:
22,000
Step-by-step explanation:
The solution of inequality
is f < 132
<em><u>Solution:</u></em>
Given that we have to find the solution of inequality
These things do not affect the direction of the inequality:
Add (or subtract) a number from both sides.
Multiply (or divide) both sides by a positive number.
Simplify the sides
<em><u>Given inequality is:</u></em>

Add 19 to both sides of equation

Multiply both the sides of inequality by 2

Thus the solution to given inequality is f < 132