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.
<h2>
Answer:</h2>
variance measures variability from the average or mean. It is calculated by taking the differences between each number in the data set and the mean.','.
Answer:
$6.30 per DVD
Step-by-step explanation:
25.20/4= 6.3
Answer:
(3x + 10) / (2x + 5)(x - 5).
Step-by-step explanation:
(3/2x+5) + (5/x-5)
= [3(x - 5) + 5(2x + 5) ] / [ (2x + 5)(x - 5)]
= 3x - 15 + 10x + 25 / (2x + 5)(x - 5)
= 13x + 10 / (2x + 5)(x - 5).
