"Second Hand Software needs to accumulate $12,000 in 3 years to meet future needs. What sinking fund payment would they need to make at the end of each year, at 6% interest compounded annually?

10075.43&

Step-by-step explanation:

We are given

Amount needed to be accumulated = A = 12000

Term period in years = T = 3 years

Rate of interest = R = 6%

Amount to be sinked (initial amount for investment) = P = ?

This is compound interest problem and formula for that is;

A= P

Putting values;

==> 12000 = P

==> 12000= P (1.06×1.06×1.06)

==> P = 12000 / 1.191016

==> P = 10075.43 &

146%

step-by-step explanation:

f(x) = - 2/3x + 5; f(5/2)

substitute 5/2 in for x:

f(5/2) = -2/3(5/2) + 5

simplify the right side:

f(5/2) = -5/3 + 5

f(5/2) = 10/3

answer:

f(5/2) = 10/3

i hope this you!