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

It's hard to make a mechanical wave go through some...

Why did the number of americans receiving food stamps rise after 2008?

graph B shows the solubility of which types of substances? A) solid dissolved in gas B) gas dissolved in a liquid C) solid dissolved in a liquid D) liquid di

the colonist had difficulty coming together to revolt because they

20 Points! Within the set of whole numbers, one set of numbers satisfies the recursive formula mc013-1.jpg , when mc013-2.jpg. What are the first two terms of

An immediate result of the Renaissance was

Based on specific osha definitions of workers and their roles, every person working at a construction job site should be _____.

10. Write an inverse variation to model the situation and answer the question. Two rectangular fields have the same area. One measures 75 yd by 60 yd. If the ot

Cancer growths found in organs other than the organ in which they originated called

Which two adjacent planets have the smallest distance between them?