Given Information:
Years = t = 35
Semi-annual deposits = P = $2,000
Compounding semi-annually = n = 2
Interest rate = i = 6.5%
Required Information
Accumulated amount = A = ?
Answer:
Accumulated amount = $515,827
Step-by-step explanation:
The future value of amount earned over period of 35 years and interest rate 6.5% with semi-annual deposits is given by
FV = PMT * ((1 + i/n)^nt - 1)/(i/n))
Where
n = 2
i = 0.065
t = 35
FV = 2000*((1 + 0.065/2)^2*35 - 1)/(0.065/2))
FV = 2,000*(257.91)
FV ≈ $515,827
Therefore, Anthony will have an amount of $515,827 when he retires in 35 years.
Answer:
technically you multiply 3690 pick c
Step-by-step explanation:
Answer:
This can be true if n=0
Step-by-step explanation:
9n = 0
Divide each side by 9
9n/9 = 0/9
n=0
This can be true if n=0
Answer:
15
Step-by-step explanation:
5+4=9
27÷9=3
girl's ratio is 5 so
5×3=15
answer is 15
Find a common denominator. Typically, the greater the denominator, the smaller the piece.