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

How long does it take for a paper bag to decompose?.

Help me please with math for points

In what way did George III impact the British governmen

Math homework pls helps!!

2. What types of geographic features can you identify in Greece?

Minnie sota hits the end of a bar 1. 2 m long with a hammer. Sketch the standing wave on the bar for the following situations. The speed of waves in the bar is

Choose a company you frequently buy from. For example: Nike, McDonald's, Wawa Now, identify that company's target market and marketing mix.

Why is the writing of compare-and-contrast essays a valuable way to study?

Which would be an example of something transitional? A a boat used to get form one island to the next B two gloves for two hands The runner beating all the othe

Use the spinner to answer the question. It is divided into 8 congruent sections. Orange, Blue, Pink, Brown, Purple, Red, Bronze, Black. Determine whether the st