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.
Answer:
65
Step-by-step explanation:
520/8=65 so approximately 65 kids play soccer
Answer:
$7.80
Step-by-step explanation:
$2.60 * 3 = $7.80
Answer:
-21 over 24 should be equivalent
Step-by-step explanation:
Equivalent fractions are simple. To find an equivalent fraction simply multiply the denominator AND the numerator by any natural number other than 1 (a natural number is any number greater than zero, numbers that ARE zero or less AREN'T natural numbers i.e. 0, -1, -2, -3, you get the point)
