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:
$24,500 of commission
Step-by-step explanation:
350000*0.07 = 24,500
Answer:
y = 12-(61) is the answer !!
Answer: It is linear. When a line is linear it just means it makes a straight line when you graph it. When it isn’t it will be curved or in some weird shape.
Step-by-step explanation:
Answer:
60
Step-by-step explanation:
Just use similar triangles.
12/10 = 72/x
Now solve for x.
x = 72 * 10 / 12 = 60
