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Write a proportion that can be used to solve the problem. Then solve the equation to obtain the answer.
-On an architect's blueprint, 1 inch corresponds to 4 feet. Find the length of a wall represented by a line inches long on the blueprint. Round to the nearest tenth.
Semi-annually Compounded
Relating to the process in which the interest on a loan or investment is calculated and added to the principal amount twice a year.
Effective Annual Rate
A measure of the true interest rate accounting for the effects of compounding over a year.
Contributions
Amounts given or donated to a particular cause, project, or for a retirement account.
Effective Rate of Return
A measure of the return on an investment that accounts for the effect of compounding over a specified time period.
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