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dsp73
4 years ago
9

Find the interest earned and the future value of an annuity with annual payments of $1,400 for 18 years into an account that pay

s 4% interest per year.
Mathematics
1 answer:
o-na [289]4 years ago
5 0

Answer:

interest earned= 1436.143

the future value of an annuity= 2836.143

Step-by-step explanation:

Given Data:

Interest rate= 4%

time,t = 18 years

Annual payment, P= 1400

At the end of 18 years, final investment A= ?

As per the interest formula for interest

A= P(1+r)t

Putting the values in above equation

= 1400(1+0.04)^18

= 2836.143

Interest earned = A-P

                           = 2836.143-1400

                          = 1436.143 !

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lesya692 [45]

Answer:

Option B.

Step-by-step explanation:

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Therefore, Option (A) is incorrect.

Option (B). "The line constructed through point P that is perpendicular to line AB."

    Since the angle between line AB and a line constructed through point P has been given as 90°, line through point P will be perpendicular to AB.

Therefore, Option (B) is the answer.

Option C. "The line constructed through point P that intersects line AB at two different points."

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3 years ago
What is the ratio as a fraction in lowest term for $300 to $450 ?
Advocard [28]
Just divide 300 by 450, to get 0.66667, which can be expressed as a fraction by 2/3
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3 years ago
How do I solve a given parallelogram
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3 0
3 years ago
What is the intersection of the given lines AE and DE?
cricket20 [7]

Given statement is "What is the intersection of the given lines AE and DE?".

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That means point "E" lies on both lines.

We know that intersection point always lies on both lines.

Which proves that point "E" is the intersection point.


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Volgvan
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3 0
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