Given:
• Amount to save, A = $28,000
,
• Time, t = 6 years
,
• Interest rate, r = 5.3% ==> 0.053
,
• Number of times compounded = quarterly = 4 times
Let's find the amount that must be deposited into the account quarterly.
Apply the formula:

Where:
FV is the future value = $28,000
r = 0.053
n = 4
t = 6 years
Thus, we have:

Let's solve for P.
We have:

Solving further:

Divide both sides by 28.0384237:

Therefore, the amount that must be deposited quarterly into the account is $998.60
ANSWER:
$998.60
Answer:
$12, 14%
Step-by-step explanation:
Find the amount of discount:
84 - 72 = 12
Find the amount of discount as a percentage
12 / 84 = 0.1428
Answer:
After simplifying, the first step in solving an equation with a variable on both sides is to get the variable on one side. This is done by reversing the addition or subtraction of one of the terms with the variable.
Step-by-step explanation:
So if we have 1/4 gallon of honey. We need to divide it by 3 to find how much is in each loaf. 1/4 ÷ 3/1 = 1/4(1/3) = 1/12.
She used 1/12 gallon for 1 loaf.
Let me know if you have any questions