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 the following are factors of 15y2 - 5y?

What is the correct formula for the following elements? Al 3,

What type of mutation occurs when a stop codon replaces an amino acid codon

What is g(x)? A. g(x) = -x B. g(x) = -2 C. g(x) = -1 D. g(x) = x²

A quadratic function y = f(x) is plotted on a graph and the vertex of the resulting parabola is (-6,3). What is the vertex of the function defined as g(x) = f(x

put in orden the sentence last/rained/ it/ rained/ week;/ it/day/every/ a lot

Which was an effect of the Industrial Revolution? A. Decrease in standard of living B. Global population increase C. Democracy in England D. Decreased productiv

Robert paid $28.40 for 8 notebooks. At this rate, how much would it cost Robert to buy 6 notebooks?

please help if you know this i’ll give brainlist :)

Create your own story problem ill give 100 points