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: 0.7
Step-by-step explanation: use calculator XD
Answer:
If you need it as a fraction then it is 1/18
Step-by-step explanation:
Answer:
f(r) = 2πr
Step-by-step explanation:
You know the formula for circumference in terms of radius is ...
C = 2πr
You are being asked to write this as a function named "f". That will be ...
f(r) = 2πr