The amount needed in the account when Frost retires is given by the annuity formula. Compounding is 2 times per year.
.. A = Pi/(n(1 -(1 +r/n)^(-nt)))
.. 17900 = P*.08/(2*(1 -(1 +.08/2)^(-2*12)))
.. 17900 = P*.04/(1 -(1.04^-24))
.. P ≈ 272,920.64
The compound interest formula can be used to find the present value required. 4015 days is 11 years (ignoring leap years), so the amount to deposit can be calculated from
.. A = P*(1 +r/n)^(nt)
.. 272,920.64 = P*(1 +.08/2)^(2*11) = P*1.04^22
.. P ≈ 115,160.33
We don't know about the company's obligation to Robert. To fulfill its obligation to Frost, it must deposit 115,160.33 today.
Answer:
105
Step-by-step explanation:
150-30%= 105
Have a wonderful day!
Answer:
. D. Yes, the more information provided by a researcher the better. Respondents can now give an informed opinion and the results will be more accurate.
Step-by-step explanation:
But again this could be an opinion answer as well
Hope this helps
If this seems incorrect anyway please just comment and I shall change my answer thanks very much :)
Hey there! :)
Answer:
y = 1/4x - 3.
Step-by-step explanation:
Use the slope-formula to find the slope of the line:
Plug in two points from the line. Use the points (-4, -4) and (0, 3):
Simplify:
m = 1/4.
Slope-intercept form is y = mx + b.
Find the 'b' value by finding the y-value at which the graph intersects the y-axis. This is at y = -3. Therefore, the equation is:
y = 1/4x - 3.
