Given rate is = 7% or 0.07
Total amount needed = $12000
Time = 4 years
Here, the deposit is compounded semiannually, means twice per year and this gives 8 annual compounding periods in 4 years.
The equation becomes:
P= 
P = 
Solving it, we get P = $ 9112.93
Hence $9112.93 should be deposited today.
No, i haven't, who is Katie
Answer:
4
Step-by-step explanation:
Answer:
$29.4
Step-by-step explanation:
I assume the question is based on simple interest since you didn't specify
Using simple interest
Simple interest=P×R×T
Where,
P=principal=$1470
R=interest rate=4%=0.04
T=time=6 months=0.5 year
Simple interest=P×R×T
=1470×0.04×0.5
=29.4
Interest earned=$29.4
C+3c is 4c and -4+9 is 5 so your answer is 4c+5
