Answer:
you'll save $18.75, the total being $56.25
Step-by-step explanation:
Answer:
$712.
Step-by-step explanation:
We have been given that a fund earns a nominal rate of interest of 6% compounded every two years. We are asked to find the amount that must be contributed now to have 1000 at the end of six years.
We will use compound interest formula to solve our given problem.
, where,
A = Final amount,
P = Principal amount,
r = Annual interest rate in decimal form,
n = Number of times interest is compounded per year,
t = Time in years.

Since interest is compounded each two years, so number of compounding per year would be 1/2 or 0.5.







Therefore, an amount of $712 must be contributed now to have 1000 at the end of six years.
Answer:
It's 50 percent right
Step-by-step explanation:
there are many colors and they could all be different
Step-by-step explanation:
78% of those surveyed bought popcorn statistic or parameter. This means that significantly more than half of the given population bought popcorn statistic or parameter.
If the population is, say ten thousand, then 78% of 10000 is
10000 × 78/100 = 7800.
Which is more than half the whole population.