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17. How much money should be deposited today in an account that earns 6% compounded semiannually so that it will accumulate to $
Question
17. How much money should be deposited today in an account
that earns 6% compounded semiannually so that it will
accumulate to $10,000 in three years?
day in an account
in progress
0
Mathematics
3 years
2021-07-31T05:28:34+00:00
2021-07-31T05:28:34+00:00 2 Answers
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Answers ( )
$7319.3 should be deposited today in an account so that it will accumulate to $8000 in three years.
Answer:$7319.3 should be deposited today in an account so that it will accumulate to $8000 in three years.
Option A.
Step-by-step explanation:
we have
Simplify the right side of the equation
we know that
so
The expression is
therefore
x plus b over 2 times a equals plus or minus the square root of b squared minus 4 times a times c, all over 2 times a
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