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Stels [109]
2 years ago
11

Ayuda porfaaa JHAKJAH es para hoy y no entiendo un klo

Mathematics
1 answer:
Bond [772]2 years ago
3 0
A. +27
B. +4
C.+21

A. -16
B. 23
C. 3
D. -70
E. -20
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Ed turns 34 and deposits $100 at the end of each month in IRA that earns 9% interest p.A compounded monthly. Find how much will
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Answer:

FV= $123,879.85

Step-by-step explanation:

Giving the following information:

Montlhy deposit (A)= $100

Monthly interest rate (i)= 0.09/12= 0.0075

Number of periods (n)= 12*26= 312 months

<u>To calculate the future value, we need to use the following formula:</u>

FV= {A*[(1+i)^n-1]}/i

A= monthly deposit

FV= {100*[(1.0075^312) - 1]} / 0.0075

FV= $123,879.85

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