1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
vaieri [72.5K]
3 years ago
9

Use the future value formula to find the indicated value. FV=11,000​; i=0.02​; PMT =$200​; n=? n (round up to the nearest intege

r as needed)
Mathematics
1 answer:
Alborosie3 years ago
8 0
Hi there
The formula of the future value of annuity ordinary is
Fv=pmt [(1+r)^(n)-1)÷r]
Solve the formula for n
Fv/pmt=(1+r)^(n)-1)÷r
cross multiplication
(Fv/pmt)×r=(1+r)^(n)-1
(Fv/pmt)×r+1=(1+r)^(n)
take the log for both sides
Log ((Fv/pmt)×r+1)=n×log (1+r)
Divide each side by log (1+r)
N=[Log ((Fv/pmt)×r+1)]÷log (1+r)
Now solve to find n

N=log((11,000÷200)×0.02+1)
÷log(1+0.02)
=37.47 years round your answer to get 37 years

Good luck!
You might be interested in
A 3050 foot long road travels directly up a 550 foot tall hill. Select the equation that can be used to solve for the angle of e
dezoksy [38]

Answer:

d <em><u>is</u></em><em><u> </u></em><em><u>the</u></em><em><u> </u></em><em><u>answer</u></em><em><u> </u></em><em><u>✌</u></em><em><u>sin</u></em><em><u> </u></em><em><u>०</u></em><em><u>=</u></em><em><u>3</u></em><em><u>0</u></em><em><u>0</u></em><em><u>0</u></em><em><u>/</u></em><em><u>3</u></em><em><u>0</u></em><em><u>5</u></em><em><u>0</u></em>

6 0
3 years ago
5p coins weigh approximately 3 grams.
Elza [17]

Answer: 0.3 kg

Step-by-step explanation:

£5 = 500p

500p ÷ 5 = 100

100 x 3 = 300 grams

300 ÷ 1000 = 0.3 kg

Hope this helps :)

3 0
4 years ago
Read 2 more answers
4 questions needed help on.
dalvyx [7]
9. 10%
10. 0.7
11. 68.5
12. 4
8 0
4 years ago
Read 2 more answers
Juan is constructing a doghouse . He need four pieces of Ply wood that are 2 ft x 3 ft rectangles. He also needs two pieces of p
Vikki [24]
Hi there!

So, let’s start with the rectangles. You would multiply 4(2 ft x 3 ft) since length x width = area (for rectangles). You multiply by 4 because there are 4 rectangles mentioned, and each have the same 2 ft x 3 ft measurements.

Next, you multiply 2(2 ft x 2 ft), or 2 to the exponent of 3, i.e., 2^3. 2 ft x 2 ft are the measurements of the sides of the squares, and as you probably know, side x side OR side^2 = area (for squares). Again, you multiply the original 2 ft x 2ft area by 2 because there are 2 squares mentioned with the same 2 ft x 2 ft measurements.

Finally, you add 4(2 ft x 3 ft) and 2(2 ft x 2 ft) together to equal the total area of plywood purchased, or the total amount of square feet of plywood he is purchasing in all.
4 0
4 years ago
Which best describes a way to show 1 third shaded
Mekhanik [1.2K]

Answer:

Draw a circle then you divide it into thirds, then you grab your penicl and shade one of those three sections. That is how you show 1 third shaded

Step-by-step explanation: Vote brainiest plzzz

5 0
3 years ago
Read 2 more answers
Other questions:
  • PLEASE HELP! A) 2.9 B) 9.2 C) 3.3 D) 5
    10·2 answers
  • On a 1/6 scale drawing of a bike, one part is 3 inches long. How long will the actual bike be ?
    8·1 answer
  • <img src="https://tex.z-dn.net/?f=%203log_%7B3%7D%285%29%20%20%5Ctimes%20%20log_%7B3%7D%284%20%29%20" id="TexFormula1" title=" 3
    14·1 answer
  • If you go out to eat with 3 friends and your meal was $72.50, what should you leave for gratuninty if you want to tip your waite
    6·1 answer
  • A lopsided coin has a probability of 1/3 for coming up heads and 2/3 for coming up tails. On average, how many flips of this coi
    11·1 answer
  • 2 7 8 3 12 9 <br> What is the sequence
    10·1 answer
  • 11=6 plus k divided by 3
    14·2 answers
  • !Help Help Help! lols
    15·2 answers
  • The velocity v that an object r units
    6·1 answer
  • What is the equation of a circle with center (2, -5) and<br> radius 4?
    6·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!