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Virty [35]
2 years ago
8

2.5 • 0.3 Answer as a decimal with four decimal places

Mathematics
1 answer:
NISA [10]2 years ago
6 0

Answer:

.0003 is that the answer you need don't quite understand the question

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An investment company pays 8​% compounded semiannually. You want to have $12,000 in the future. (A) How much should you deposit
Leno4ka [110]
Before we start answering the question, let's define the compound interest formula:
A = P(1+ \frac{r}{n}) ^{nt}
Where:
<span>'A'</span>  is the amount of money in dollars
'P' is the principal amount of money in dollars
'r' is the interest rate (decimal)
'n' is the number of times interest is compounded per year
't' is the time in years

<span>(A) Find Principal Amount
</span><u /><span><u>Given:</u>
</span>A = 12,000
P = ?
r = 0.08
n = 2 (semiannually)
t = 5
Now we plug our values in and solve:
12,000 = P(1+ \frac{0.08}{2}) ^{(2)(5)}
12,000 = P(1.04) ^{10}
P = 8106.77
∴ You would have to deposit $8106.77 in order to have $12,000 in 5 years from now.

(B) Find Principal Amount
Same given values as above, with the exception of 't' which is now 10 instead of 5. 
12,000 = P(1+ \frac{0.08}{2}) ^{(2)(10)}
12,000 = P(1.04) ^{20}
P = 5476.64
∴ You would have to deposit $5476.64 in order to have $12,000 in 10 years from now.

Hope this helps!
4 0
3 years ago
A basketball coach is purchasing 12 shirts for her team, each with a different number. At the checkout counter, the clerk places
ICE Princess25 [194]
Kidjov the answer I came up with for you is 792 I hope this helps
4 0
3 years ago
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max had a score of -700 points in video game. on each of the next 3plays, he gained 400 points. then what was is is score?
galben [10]
You could find his score for those three games by subtracting -700 and 400 to get 1100.
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2m²x2m³ Simplify.Answers should contain only positive exponents
Digiron [165]
The simplified form is 4m^5
5 0
3 years ago
Whats 2.13×0.197 as a decimal
Tcecarenko [31]

Answer:

It's 0.41961.

8 0
3 years ago
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