47/8
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Given rate is = 7% or 0.07
Total amount needed = $12000
Time = 4 years
Here, the deposit is compounded semiannually, means twice per year and this gives 8 annual compounding periods in 4 years.
The equation becomes:
P= 
P = 
Solving it, we get P = $ 9112.93
Hence $9112.93 should be deposited today.
Answer:
<h2>the way its set up its kind of confusing </h2>
Step-by-step explanation:
Answer:
Step-by-step explanation:
$72 - $30 = $42
It increased $42.
Now take this number and divide by the original number (first):
42 ÷ 30
This is 1.4, let's convert this to a percentage.
We now times it by 100
1.4 × 100
The answer is 140%