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: y=-1x-1
Step-by-step explanation:
Answer:
$0.20 per candy bar
Step-by-step explanation:
There are 50 candy bars per box. It's costing the school $30/50=$0.60 per candy bar to buy. The school sells each candy bar for $0.80, making a profit of $0.20 per candy bar.
Answer:
x-intercept = -56
y-intercept = - 14
Step-by-step explanation:
x + 4y = -56
x- intercept :
y = 0
x + 4*0 = - 56
x-intercept = -56
y-intercept:
x=0
0 + 4y = - 56
4y = -56
y = - 14
y-intercept = - 14
