Answer:
$712.
Step-by-step explanation:
We have been given that a fund earns a nominal rate of interest of 6% compounded every two years. We are asked to find the amount that must be contributed now to have 1000 at the end of six years.
We will use compound interest formula to solve our given problem.
, where,
A = Final amount,
P = Principal amount,
r = Annual interest rate in decimal form,
n = Number of times interest is compounded per year,
t = Time in years.

Since interest is compounded each two years, so number of compounding per year would be 1/2 or 0.5.







Therefore, an amount of $712 must be contributed now to have 1000 at the end of six years.
Answer:
2 inches
Step-by-step explanation:
a=Lw
v=lwh
lw= 7
14/7=2
Answer:
i will give it to you
Step-by-step explanation:
that's it for you dear
Answer:
4 cm
Step-by-step explanation:
Both the area of a square and the area of a rectangle can be found by multiplying length x width. Because all of the sides of a square are equal, you get 64 when you multiply two sides together to find the area.
Since the rectangle has the same area as the square, that means the rectangle's width has to be a number that equals 64 when multiplied by 16.
So, 64/16 equals 4.
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