Answer:
48
12 (the number of months in a year) multiplied by 4 (the number of people)
He needs to have $205783 amount of money to receive $5000 every 6 months for 10 years.
<h3>What is Interest ?</h3>
Interest is the amount of money received , when a certain lump sum amount is deposited.
It is given that the person is receiving ,
Interest = $5000 ,
after six months , every six month
Time Period = 10 years
Interest Rate = 4%
Compounded Semiannual
Let the principal amount be $x
Compound Interest is given by
Amount = P[ 1 + r/n]ⁿˣ
Here x is the time period
Therefore the Amount = x{ 1 +0.04/2}²⁰
x + 5000 *20 = x{ 1 +0.04/2}²⁰
x + 100000 = 1.486 x
x = $205783
Therefore he needs to have $205783 amount of money to receive $5000 every 6 months for 10 years.
To know more about Interest
brainly.com/question/13324776
#SPJ1
Yes she can find the average colour by adding up all the amount of colors by how many colors there are.
133 112
---- = -------
x 16
112x = 133 . 16
112x = 2128
x = 2128/112
x = 19
answer: x = 19
