The formula for calculating compound interest with yearly contributions is:
Balance = X*(1 + Y)^n + Z((1 + Y)^(n + 1) - (1 + Y)/Y)
where the balance is the money earned after n years invested
Y is the interest rate as a fraction
Z is the yearly contribution
X is the starting investment
Therefore the calculation for this example is:
Balance = 1200*(1 + 0.05)^48 + 1200((1.05)^49 - (1.05)/05)
= $249,393.5
Answer:
Hi there!
Your answer is:
the number is 68
Step-by-step explanation:
(18-n) /2 = -25
×2
(18-n) = -50
-18
-n = -68
/-1
n= 68
Plug it back in!
(18-68) /2 = -25 ???
-50/2 = -25 ✓✓✓
Hope this helps
The principal will donate 1.50 for every dollar the fifth graders raise
4x+12=20
-12 -12
——————
4x=8
divide by 4 on both sides
x=2
Answer:
B, B, A
Step-by-step explanation:
I don't know number 4 answer. hope I helped
