Joe Beary wants to attend Riverside College. Eight years from today he will need $50,000. If Joe's bank pays 6% interest compounded
semiannually, what must Joe deposit today to have $50,000 in 8 years?

Explanation:

Use the formula for compound interest, with semiannual compound interest rate.

For semiannual compound interest the number of periods, n, in a year is 2.

APR is the annual percentage rate, which is 6% in this problem. So, APR is 6%/2 = 0.06/2 = 0.03

Then, substitute in the formula with:

Round to the nearest dollar: $31,158.

b. a single paragraph.

a paragraph is a series of sentences that are organized and make sense, and are all related to a single topic . almost every piece of writing you do that is longer than a few sentences should be organized into paragraphs. this is because paragraphs show a reader where the subdivisions of an essay begin and end, and thus the reader see the organization of the essay into subjects in order to be able to understand its main points.