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.
The answer for number A would be 1/3
Answer:
Multiply the first equation by five to yield, 15x + 5y = 45. Add this equation to the second equation from the given,
15x + 5y = 45
+ 3x - 5y = 15
The answer would be 18x = 60. The value of x is 10/3. Therefore, the answer to this item is letter A.
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Step-by-step explanation:
Answer:
V = 64 in^3
Step-by-step explanation:
The volume of a cube is given by
V = s^3 where s is the side length
V = 4^3
V = 64 in^3
Answer: the answer is B
Step-by-step explanation:
