Provide an appropriate response.A trust fund is to be established by a single payment so that at the end of 15 years, there will be $20,000 in the fund. If the fund earns interest at the rate of 8% compounded semiannually, how much should be deposited initially into the fund?
A. $7014.27
B. $7143.56
C. $6166.38
D. $6472.42
E. $11,105.30
Answer: C
Mathematics
You might also like to view...
Graph the system of linear inequalities and indicate the solution set.2x + y ? 4 x - 1 ? 0
A. 
B. 
C. 
D. 
Mathematics
Solve for any valid real roots.x4 - 27x2 + 50 = 0
A. x = 25, x = 2
B. x = 5, x = 
C. x = ±5, x = ± i
D. x = ±5, x = ±
Mathematics
Find the general form of the equation of the the circle.Center at the point (2, -3); containing the point (5, -3)
A. x2 + y2 + 4x - 6y + 4 = 0 B. x2 + y2 - 4x + 6y + 4 = 0 C. x2 + y2 - 4x + 6y + 22 = 0 D. x2 + y2 + 4x - 6y + 22 = 0
Mathematics
Simplify.-(-(-9))
A. -9 B. -1 C. 1 D. 9
Mathematics