That's not possible because they are not the same units of measurement
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.
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Answer:
47%
Step-by-step explanation:
we are required to find the probability to randomly select from the union of those who own a smartphone only and those who own a smartphone and computer.
an addition of the subsets cover the entire set.
6 + 15 + 26 + 32 + 21 = 100%
let
p(A)= probability of smartphone only
p(B) = probability of smartphone and computer
p(A U B) = P(A) + P(B)
= 15% + 32%
= 47%
Answer:
D
Step-by-step explanation:
-4.9 x 3^2 + 22 x 3 + 5.5 = 27.4
Answer:
30
Step-by-step explanation: