flyingsquirrel7452 flyingsquirrel7452

23-07-2017
Mathematics

contestada

Jessica plans to purchase a car in one year at a cost of $30,000. how much should be invested in an account paying 10% compounded semiannually to have the funds needed?

Respuesta :

Aliwohaish12 Aliwohaish12

23-07-2017

The formula is
A=p (1+r/k)^kt
A fund needed 30000
p Amount invested?
R interest rate 0.1
K compounded semiannual 2
T time 1 year
Solve the formula for p to get
P=A÷(1+r/k)^kt
P=30,000÷(1+0.1÷2)^(2×1)
P=27,210.88

Answer Link

Otras preguntas

What is the stream of consciousness writing technique?

A simplified model of protein synthesis is shown here: How might this model be revised to show a more accurate depiction of protein synthesis? Prior to process

Determine whether the lines L1:x=16+4t,y=6+2t,z=−1+t and L2:x=−6+5ty=−8+4tz=−12+4t intersect, are skew, or are parallel. If they intersect, determine the point

Classify each of the following activities that are part of Robbins Manufacturing's operating process as either unit-level, batch-level, product-level, or fa

To survive, humans need resources found on the Earth. Why is this true? A. Humans could not eat, drink, and breathe without the resources of plants, water, an

an example of appeasement?

2x - 2 to 2(x - 1), or 4x2 - 16 as 4(x + 2)(x - 2)

Job design refers to the process of defining the way work will be performed and the tasks that will be required in a given job. Managers may be required to desi

A quality control inspector examined 150 light bulbs and found 8 of them to be defective. At this rate how many degective light bulbs will there be in a lot of

Which of the following are results of the Voting Act of 1965? Check all that appy. More African Americans serve as elected government officials. Fewer legal bar