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joejoefofana
16.01.2020 •
Business
Funds are deposited in a savings account at an interest rate of 8% per annum. if the interest is compounded semi-annually, what is most nearly the initial amount that must be deposited to yield a total of $10,000 in 1?
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Ответ:
Initial amount will be $9238.454
Explanation:
We have given amount after 1 year A = $10000
Rate of interest r = 8%
Time t = 1 year
Interest is compounded quarterly
So time period = 4
And rate of interest
%
We have to find the initial amount P
Final amount is given by![A=P(1+\frac{r}{100})^n](/tpl/images/0457/0414/8c6ad.png)
P = $9238.454
Ответ:
then write bullet points on interesting and important things in the passage and then write those facts into sentences
Important fact 1 would be who this is about Gearge S and what he did. Then end your paragraph with how this was important. Hope this helps