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.
Answer:
7/12.
Step-by-step explanation:
=x/x+5.
x-5/x+5+4=⅛
x-5/x+9=⅛
x-5=⅛(x+9)
x-5=⅛x+1⅛
x-⅛x=1⅛+5
⅞x=49/8
7x=49
x=7
thus the initial fraction is x/x+5= <u>7</u><u>/</u><u>1</u><u>2</u>
A rational number is a fraction
If you mean 756.04, the answer is 756.0. 4 is closer to 0.
5 Or More, raise the score
4 Or Less, let it rest
