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:
$16.90
Step-by-step explanation:
First you need to find how much the markup is in dollars.
Multiply 13(0.3).
This will give you 3.9.
Then you add this to the original cost of the glasses.
13+3.9= 16.9.
So, the final cost of the glasses is $16.90.
Answer:
the answer is 97 student tickets and 15 adult tickets
Step-by-step explanation:
The answer to this question is false that's the answer
