Answer:
the answer is seven
Step-by-step explanation:
Answer:
4.778 to the nearest hundredth is 4.78
Step-by-step explanation:
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: Both 14, and 20
Step-by-step explanation:
30000 is the answer as it is ajove 20000 in comparison to rounding down