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 san andreas fault in california is which are associated with what type of plate boundary?

Los niños celebran los cumpleaños con _______.

what are the functions of lysosomes?

In which two continents are most species of early man found?

*************50 PTS!!!!********** I have 3 pieces of candy to place in 4 lunch boxes. In how many ways can I do this if: (a) The candies are all the same and th

The minimum height for riding on the Super Screaming Spinner at the theme park is 52 inches. Which of the following expressions shows the height to ride? A.

Which artist's work includes plump and bloated people and animals as a signature feature?

You are designing a container in the shape of a cylinder. The radius is 6 inches. You want the container to hold at least 324π324π cubic inches. What is the lea

What is 5/6 plus 1/3?

What happens to the gas pressure within a sealed gallon can when it is heated? when it is cooled?