Depends if you want
1. find how much he will earn, find the differnce between that and 18000
2. see how much to invest till he will get 18000
A=

A=futre amount
P=present amout
r=rate in decimal
n=number of times per year ccompounded
t=time in years
1.
A=?
P=9000
r=0.06
n=4 (quarter means 4 times per year)
t=2
?=

?=

?=

?=10138.4 will be earned
18000-10138.4=7861.6 needed
2.
A=18000
P=9000+x
r=0.06
n=4 (quarter means 4 times per year)
t=2
18000=

18000=

18000=

divide both sides by 1.015^8
15978.8=9000+x
minus 9000 both sides
6978.8 needed
if he willnot be investing any more, he needs $7861.6 more
if he will invest more he will need to invest $6978.8 more
Answer: 64 years
Step-by-step explanation:
Let assume the dealer sold the bottle now for $P, then invested that money at 5% interest. The return would be:
R1 = P(1.05)^t,
This means that after t years, the dealer would have the total amount of:
$P×1.05^t.
If the dealer prefer to wait for t years from now to sell the bottle of wine, then he will get the return of:
R2 = $P(1 + 20).
The value of t which will make both returns equal, will be;
R1 = R2.
P×1.05^t = P(1+20)
P will cancel out
1.05^t = 21
Log both sides
Log1.05^t = Log21
tLog1.05 = Log21
t = Log21/Log1.05
t = 64 years
The best time to sell the wine is therefore 64years from now.
Answer:
$15
Step-by-step explanation:
Let Frank be f
Deandra be d and
Charlie be c
f = 3d ......(i)
c=$20+f.....(ii)
c=$65........(iii)
Equate (ii) and (iii)
$20+f = $65
f = $45.......(iv)
Equate (i) and (iv)
3d = $45
d = $15
Deandra has $15.
It’s an 6 out of 40 percent probability or 27% chance out of 100%
If you multiply 268 with 6, you get 1608 as your answer.