Answer:
$18,087.23
Step-by-step explanation:
The future worth of the loan in 7 years compounded semiannually is computed as shown below using the future value formula adjusted for semiannual compounding:
FV=PV*(1+r/2)^n*2
FV is the worth of the loan in 7 years which is unknown
PV is the actual amount of loan which is $8,000
r is the rate of interest of 12%
n is the number of years of the loan which is 7 years
the 2 is to show that interest is computed twice a year
FV=8000*(1+12%/2)^7*2
FV=8000*(1+6%)^14
FV=8000*1.06^14=$18,087.23
Answer:
3/4
Step-by-step explanation:
28 total but 12 are boys so girls = 28 - 12 = 16
Ratio of boys to girls
= 12/16
= 3/4
Answer:
3-x^2
Step-by-step explanation:
Let x be the number
The square is x^2
3 subtract the square of a number
3-x^2
The balance was $4400.25 before 4 years.
<h3>What is an Equation?</h3>
An equation is a mathematical statement formed when two expressions are equated using an equal sign.
The equations are useful in the determination of unknown parameters.
The equations are of various types, such as Trigonometric equations, and quadratic equations.
The balance of an investment account is $308.32
Let the balance 4 years ago was $x
Then the balance today is represented by x + 308.32
The current balance is $4708.57
The expressions can be equated to get the value of the balance 4 years ago.
x + 308.32 = 4708.57
x = 4708.57 - 308.32
x = $4400.25
The balance 4 years ago was $4400.25
To know more about Equation
brainly.com/question/10413253
#SPJ1
