theresajuge2 theresajuge2

04-04-2018
Mathematics

contestada

lois invests 650 every 6 months at 4.6%/a compounded semi-annually for 25 years. How much interest will she earn after the 25th year

Respuesta :

CastleRook CastleRook

13-04-2018

Future value annuity is given by:
FV=P[((1+r)^n-1)/r]
From the information:
P=650
r=0.046/2=0.023
n=25*2=50

Plugging our values in the formula we get:
FV=650[((1+0.023)^50-1)/0.023]
FV=59837.365

Answer Link

Otras preguntas

Which of these statements describe the outcome of the Berlin airlift? Check all of the boxes that apply.

if f(x)=9x, which of the following is the inverse of f(x) A) f^-1(x)=9/x B) f^-1(x)=x-9 C) f^-1(x)=x+9 D) f^-1(x)=x/9 PLEASE HURRY!!!

True or false different voices have different natural pitches

When scientists discovered element 116, they should have seen that it has properties similar to ...... A) bismuth, Bi B) polonium, Po C) astatine, At D) lead, P

Based on the information above, is the website a credible source of information? Yes, the website is sponsored by a government agency. Yes, the author of the a

Which set of coordinates doesn’t represent the problem?

if you mix water and vinegar together, will it form a solid?

What is the product (2x-1)(x+4)

Jasmine bought 1.3 pounds of ham and 0.8 pounds of cheese from the deli and paid $11.28. She went back the following week and bought 1.5 pounds of ham and 1.2 p

Which of the following best describes how the weather will change when a cold front moves into an area?