Answer:
1496
Step-by-step explanation:
check the other answer for explanation
Answer:
i think its A
Step-by-step explanation:
(^///^)(^///^)(^///^)
So this is how you will arrive to the answer:
The following formula models the value of a retirement account,
S = (A [ ( 1 + r ) ^ (t + 1) - 1] / r)
wherein:
A = number of dollars added to the retirement account (each year)
r = annual interest rate
s = value of the retirement account after t years
The question is:
If the interest rate is 11% then how much will the account be worth after 15 years if $2200 is added each year?
Round to the nearest whole number.
Solution:
The said formula contains the term t + 1 instead of the usual "t". Means that the formula applies only in the situation where the money is invested at the beginning of the year instead of the usual practice at the end
Given:
A = 2200
r = 0.11
t = 15
The accumulated amount:
F = A ((1 + r) ^ (t+1) - 1 / r
Substitute:
F = 2200 (1.11 ^ (15 + 1 ) - 1) /0.11
F = 86217.88664
If money is invested at the end of the year, then F = 80476.49, the difference being the investment of an extra 2200 over 15 years.
Answer:
1704.74 = P
Step-by-step explanation:
The formula for compound interest is
A = P(1+r/n) ^nt where
A is the amount in the account
P is the principle
r is the interest rate
n is the number of times the interest is compounded per year
t is the time in years
2000 = P (1+.04/12)^12*4
2000 = P (1.003333333)^48
Divide each side by (1.003333333)^48
2000/ (1.003333333)^48= P (1.003333333)^48/ (1.003333333)^48
1704.74110 = P
Rounding to the nearest cent
1704.74 = P
Answer:
Step-by-step explanation:
Let the complement = x
Let the angle = 5*x
x + 5x = 90
6x = 90
x = 90/6
x = 15
So the complement = 15
The angle itself is 5*15 = 75
