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

The pH of a solution is 2.0. Which statement is correct?

will give brainlyest Who are the Seminoles? Why would settlers want them out of Florida? · What was the relationship between Native Americans and Afri

The perimeter of a regular pentagon with the side length of 4 meters

Tony is looking for a romantic fling, nothing serious. if tony would desribe himself as preppy, conservative protestant, whom would he be more likely to choose

What is the equation?

The length of a rectangle is the width minus 5 units. The area of the rectangle is 36 units. What is the width, in units, of the rectangle

What is the first step that many countries in the region need to take in order to improve their economies

A diver stands on level ground 50 feet from the base of the 12 foot high dive. What is the approximate measure of the angle of elevation between the diver and t

Which is NOT found in a prokaryotic cell? a Cell membrane b Cell wall c Cytoplasm d Nucleus

The ratio of chlorine to hydrogen chloride in the reaction H2(g) + Cl2 (g) -> 2 HCl(g) is