He needs to have $205783 amount of money to receive $5000 every 6 months for 10 years.
<h3>What is Interest ?</h3>
Interest is the amount of money received , when a certain lump sum amount is deposited.
It is given that the person is receiving ,
Interest = $5000 ,
after six months , every six month
Time Period = 10 years
Interest Rate = 4%
Compounded Semiannual
Let the principal amount be $x
Compound Interest is given by
Amount = P[ 1 + r/n]ⁿˣ
Here x is the time period
Therefore the Amount = x{ 1 +0.04/2}²⁰
x + 5000 *20 = x{ 1 +0.04/2}²⁰
x + 100000 = 1.486 x
x = $205783
Therefore he needs to have $205783 amount of money to receive $5000 every 6 months for 10 years.
To know more about Interest
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<span>5 (9/12 - 1/4) + 0.5
</span><span>5 (9/12 - 3/12) + 0.5
5 (6/12) </span><span> + 0.5
5(2.5) </span><span>+ 0.5</span><span>
12.5 </span>+ 0.5
13
Answer:
Your answer is C. 5.1 units
Step-by-step explanation:
If you are talking about what is in between the two sets of parentheses then the answer would be multiplication hope that helped
Answer: 64
Step-by-step explanation:
i simply divided 192 by 3, because it's just the opposite of multiplying. it's a simple and easy way to get the missing number! :)
192 / 3 = 64