Use compound interest formula F=P(1+i)^n twice, one for each deposit and sum the two results.
For the P=$40,000 deposit,
i=10%/2=5% (semi-annual)
number of periods (6 months), n = 6*2 = 12
Future value (at end of year 6),
F = P(1+i)^n = 40,000(1+0.05)^12 = $71834.253
For the P=20000, deposited at the START of the fourth year, which is the same as the end of the third year.
i=5% (semi-annual
n=2*(6-3), n = 6
Future value (at end of year 6)
F=P(1+i)^n = 20000(1+0.05)^6 = 26801.913
Total amount after 6 years
= 71834.253 + 26801.913
=98636.17 (to the nearest cent.)
Answer:
Step-by-step explanation:
Given that Darcie wants to donate minimum 3 blankets to donate to a homeless shelter. No of days left =60
No of days to complete one blanket = 1/(1/15) = 15 days
Hence in 60 days she has to complete ≥3 blankets
No of days she has to utilize for this will be ≥3(15)=45
No of days she can skip crocheting ≤15
Let x be the no of days crocheted and y no of days skipped
Then x+y≤60
See the graph attached as x axis for days crocheted and y for days skipped
No of blankets can be either 3 or 4.
Answer:

Step-by-step explanation:
we know that
If CD is parallel to XZ
then
Triangle XYZ is similar to Triangle YCD
therefore
The ratio of their corresponding sides are equal

we have
CX=5\ units, CY=25\ units, YD=20\ units,




substitute the values




(annual interest)/(loan amount) = interest rate
(12×$2,600)/$400,000 = .078 = 7.8% . . . . annual interest rate
Answer:
The amount Trevor's family pay per minute on shower water is $0.005.
Step-by-step explanation:
The cost of water is,
Cost = $0.20/liter
Amount of water used over the entire month:
Amount of water used = 72 liters
Compute the total water cost as follows:
Total water cost = Amount of water used × Cost
= 72 × 0.20
= $14.4/liter
The average number of minutes each person showered is:
Average number of minutes = 480 minutes.
The number of people in Trevor's house:
N = 6
Compute the total amount of time the 6 person showered as follows:
Total amount of time = Average number of minutes × N
= 480 × 6
= 2880 minutes
Compute the pay per minute on shower water as follows:
Pay per minute on water = Total water cost ÷ Total amount of time
= $14.4 ÷ 2880
= $0.005
Thus, the amount Trevor's family pay per minute on shower water is $0.005.