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:
$1.88
Step-by-step explanation:
$15.04/8 pounds = $1.88
Answer:
80%
Step-by-step explanation:
What I did was just play with the numbers. But first, you'd multiply 6.00 time 3 because it's for the three people. Then just multiply 18 with .8 and bingo! The answer you get is 14.40, so the discount would be 80%
Hope this helps!
