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

PLEASE HELP ASAP!!! I NEED CORRECT ANSWERS ONLY PLEASE!!! Find EF. Write your answer as an integer or as a decimal rounded to the nearest tenth. EF =

what is the capital city of america

Which of the following is non-volatile storage? a. Backup b. Secondary c. Primary d. Cache

) The period of vibration, T of a liquid drop is given by. T =kapy,where K is a dimension constant, a'is the radius of the drop, S isthe density of the liquid a

Georgia experienced its worst recorded drought during 1930 and 1931. What conclusion can you make as to how the drought affected Georgia? A) It brought many

The Supreme Court may choose to remand a case, which means that __________.

If a point C is inside

If some wavelengths of light are absorbed by chlorophylls, what happens to the other wavelengths that are not absorbed

Which of the following statements is true? Reproduction by mitosis produces a single identical cell. Plant cells have cell walls instead of cell membranes. The

'erms: DNA, budding, male and female, one parent, unique, spores, uniform, traits, egg, and perm Asexual Reproduction Sexual Reproduction