9514 1404 393
Answer:
$6307.95
Step-by-step explanation:
The compound interest formula can help with that.
A = P(1 +r/n)^(nt) . . . . value of principal P at rate r for t years, compounded n times per year.
P = A(1 +r/n)^(-nt) = $8000(1 +0.04/2)^(-2·6) = $8000(1.02^-12) = $6307.95
Momba needs to deposit $6307.95 today to have $8000 in 6 years.
Answer:
<em>m </em>=<em> </em>1/2
Step-by-step explanation:
Use two points on the line given.
(0 , 2) & (-4 , 0)
You are solving for the slope. The slope formula:
<em>m</em> (slope) = (y₂ - y₁)/(x₂ - x₁)
Let:
(x₁ , y₁) = (-4 , 0)
(x₂ , y₂) = (0 , 2)
Plug in the corresponding numbers to the corresponding variables:
<em>m</em> = (2 - 0)/(0 - (-4))
Simplify:
<em>m</em> = (2)/( 0 - (-4))
<em>m</em> = (2)/(0 + 4)
<em>m</em> = 2/4
Simplify the slope. Divide the common factor 2 from both the numerator and denominator:
<em>m</em> = (2/4)/(2/2) = 1/2
1/2 is your slope.
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the firt answer is Allison and the second answer is0.34
