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GREYUIT [131]
3 years ago
12

How much can you accumulate in a savings plan if your annual year-end deposit is $500, and you earn 6% annual interest for 8 yea

rs?
S = p times 1 + r quantity to the n power minus 1 all over r
A. $7,265.40
B. $12,265.40
C. $4,948.73
D. $14,265.40
Mathematics
1 answer:
Anit [1.1K]3 years ago
3 0
Hi there
The formula of the future value of annuity ordinary is
Fv=pmt [(1+r)^(t)-1)÷r]
Fv future value?
PMT 500
R 0.06
T 8 years

Fv=500×(((1+0.06)^(8)−1)÷(0.06))
Fv=4,948.73

Option c

Hope it helps
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Answer:

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Step-by-step explanation:

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From the information given, we have:

Two angles (<L and <M) in ∆LMN that are congruent to two corresponding angles (<O and <P) in ∆OPQ.

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