Jamie king wants to buy a new car in 5 years. jamie
estimates the cost of the car will be $11,000. if she
invests $9,000 now at a rate of 6% compounded
semiannually, she:
will not have enough money.
o will have exactly $11,000
o will have $12,100.25
o will have $12,095.10

Jamie King will have $12,100.25

rick has $1400 and sally has $1500

step-by-step explanation:

to find amount of money rick has after 10 years :

principal = $1000 , time = 10 years , rate = 4% annually

to find amount of money sally has after 10 years :

her friend gives to pay her $50 per year, therefore money she has after 10 years = 50 × 10 = $500

also, sally gets $1000 after 10 years,

therefore, total amount of money sally has after 10 years = 500 + 1000 = $1500

so, after 10 years : rick has $1400 and sally has $1500

m

step-by-step explanation: