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brilliants [131]
2 years ago
12

How much money would a person have 8 years after they invested $2,000 into an account that has an annual interest rate of 3% tha

t compounds every other month?
Mathematics
1 answer:
madam [21]2 years ago
4 0

The amount of money the person would have in 8 years s $2541.74.

<h3>How much would the person have in 8 years? </h3>

The formula for calculating future value is:

FV = P (1 + r)^nm]

Where:

FV = Future value
  • P = Present value = $2000
  • R = interest rate = 3% / 12 = 0.25%
  • m = number of compounding = 12
  • N = number of years = 8 years

Value of the account in 8 years with monthly compounding = $2000(1.0025)^(12 x 8) = $2541.74

To learn more about future value, please check: brainly.com/question/18760477

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Find the sum of the first 12 terms of the sequence. 1, -4, -9, -14, . . . (2 points)
egoroff_w [7]

Answer:

sum of the first 12 terms of the sequence. 1, -4, -9, -14, . . = -318

Step-by-step explanation:

The given AP is,

1, -4, -9, -14, . . .

first term a = 1,

common difference d = -4 - 1 = -5

number of terms  n = 12

<u>Equation:</u>

Sum of n terms of AP, S₁₂ = n/2[2a + (n - 1)d]

S₁₂ = 12/2[(2*1) + (12 - 1)*(-5)]

S₁₂ = 6[2 + (11*(-5))]

S₁₂ = 6[2 - 55] = 6*(-53) = -318

Therefore sum of the first 12 terms of the sequence. 1, -4, -9, -14, . . = -318

8 0
3 years ago
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Area of ice rink is 404 sq yes what is perimeter
ololo11 [35]
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404*4= 1616      p= 1616sq
6 0
3 years ago
Mrs.Browns rectangular kitchen is 10 ft wide and.16 ft long, if she creates a scale drawing.With a length of 4 inches, what woul
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Answer:

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Step-by-step explanation:

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The length is 16 ft x 12 = 192 inches

The length was scales by an unknown measure which i would represent with x . The equation is as follows

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Triangles PQR and XYZ are similar triangles. Which are the other two angle measures of triangle XYZ?
Julli [10]

Angle Z = Angle R = 35 degrees

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5 0
3 years ago
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PLEASE HELP!!!
MakcuM [25]

Answer:

B

Step-by-step explanation:

x + y =6

x - y = 4

A. 3+3=6, but 3-3 doesn't equal 4

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C. 6+0 equals 6 but 6-0 doesn't equal 4

D. 2+4 equals 6 but 2-4 doesn't equal 4

4 0
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