You put $125.32 at the end of each month in an investment plan that pays 2.5% interest, compounded monthly. how much will you ha
1 answer:
After 23 years $125.32 will be matured to $46,683.28.
<h3>What is the formula for recurring investment?</h3>The formula for Recurring maturity is given by:
Where A=matured amount
P =Principal value
n=Number of months
r=Interest rate(annual)
We have P= $125.32
n=23*12 = 276 months
r=2.5*12 =30%
Put these values in the above formula
we get A= $46,683.28
Therefore, After 23 years $125.32 will be matured to $46,683.28.
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See the attached figure.
========================
AB = 10 , FD = 3
∵ D is the midpoint of AB, and F is the mid point of CB
∴ FD // AC , FD = 0.5 AC
∵ Δ ABC is a right triangle at C
∴ FD ⊥ BC
∴ BD = 0.5 AB = 5
∴ in Δ FDB ⇒⇒ BF² = BD² - FD² = 5² - 3² = 16
∴ BF = √16 = 4
∵ F is the mid point of CB
∴ CF = BF = 4 , and CB = 2 BF = 2*4 = 8
∵ D is the midpoint of AB, and E is the mid point of AC
∴ DE // CB , and DE = 0.5 CB = 0.5 * 8 = 4
∴ T<span>he length of line ED is 4
</span>
========================
AB = 10 , FD = 3
∵ D is the midpoint of AB, and F is the mid point of CB
∴ FD // AC , FD = 0.5 AC
∵ Δ ABC is a right triangle at C
∴ FD ⊥ BC
∴ BD = 0.5 AB = 5
∴ in Δ FDB ⇒⇒ BF² = BD² - FD² = 5² - 3² = 16
∴ BF = √16 = 4
∵ F is the mid point of CB
∴ CF = BF = 4 , and CB = 2 BF = 2*4 = 8
∵ D is the midpoint of AB, and E is the mid point of AC
∴ DE // CB , and DE = 0.5 CB = 0.5 * 8 = 4
∴ T<span>he length of line ED is 4
</span>