Given rate is = 7% or 0.07
Total amount needed = $12000
Time = 4 years
Here, the deposit is compounded semiannually, means twice per year and this gives 8 annual compounding periods in 4 years.
The equation becomes:
P= 
P = 
Solving it, we get P = $ 9112.93
Hence $9112.93 should be deposited today.
Answer: okay, bye
Step-by-step explanation:
14 - 2n = -32
32 + 14 = 2n
46 = 2n
46/2 = n
23 = n
Checking:
14 - 2(23) = -32
14 - 46 = -32
-32 = -32 (Matched, answer is correct n = 23)
Answer: 7/24
Step-by-step explanation:
11/8 - 5/8=
= 11/8 - 5/8
= 11/12 + -5/8
= 22/24 + -15/24
= 22 + -15/<u>/24</u>
= 7/24
decimal form = 0.291667.
Answer:
44.68
Step-by-step explanation:
Ⓗⓘ ⓣⓗⓔⓡⓔ
44.6825 rounded to the nearest hundredths place is 44.68
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