The total account Dept as of the statement date is known as the balance.
Answer: snowball sampling
Explanation:
Snowball sampling is a nonprobability sampling technique in which an initial group of respondents is selected and subsequent respondents are selected based on the referrals or information provided by the initial respondents.
It should be noted that in snowball sampling, after the respondents have been interviewed, theywould be told asked to help identify other people
that also belong to the target population.
Answer:
$88,382.67
Explanation:
Here is the complete question:
Sally makes deposits into a retirement account every year from the age of 30 until she retires at age 65.If Sally deposits $1200 per year and the account earns interest at a rate of 4% per year, compounded annually, how much will she have in the account when she retires?
To calculate the future value of the annuity, we use this formula: amount x annuity factor
Annuity factor = {[(1+r) ^N ] - 1} / r
Amount = $1200
R = interest rate = 4%
N = number of years = 35
=( 1.04^35 - 1) / 0.04 = 73.652225
73.652225 × $1200 = $88,382.67
I hope my answer helps you