"<span>A company will need 40,000 in 6 years for a new addition. To meet the goal, the company deposits money into an account today that pays 4% annual intrest compund quarterly." Let's pretend that the instructions state, "Determine the amount of money that must be deposited upfront so that you will have $40,000 in 6 years."
Use the Compound Amount formula: A = P(1 + r/n)^(nt),
where P is the principal (the amount deposited upfront), r is the interest rate as a decimal fraction, n is the number of compounding periods, and t is the time in years.
Here, $40000 = P(1 + 0.04/4)^(4*6)
$40000
So the upfront $ needed is P = -------------------------
(1+0.01)^24
This comes out to $31502.65 (answer)</span>
What are you looking for like what type of answer Exact Form:
√10 π/5
is simplified
Answer:
x=2/5, y=-24/5. (2/5, -24/5).
Step-by-step explanation:
y=-2x-4
y=1/2x-5
----------------
-2x-4=1/2x-5
-2x-1/2x-4=-5
-4/2x-1/2x=-5+4
-5/2x=-1
5/2x=1
x=1/(5/2)
x=2/5
y=1/2(2/5)-5
y=1/5-5
y=1/5-25/5
y=-24/5
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Divide sides by 4
Simplification
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A= 1/2(bh)
h=4b
50= (1/2)(b*4b)=2b^2
25=b^2
base = 5 that's your answer
height = 4xb = 4x5=20
