Barbara sells iced tea for $1.49 per bottle and water for $1.25 per bottle. She wrote an equation to find the number of drinks s
1 answer:
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Answer: $59313.58
Step-by-step explanation:
Formula to find the accumulated amount of the annuity is given by :-
, where A is the annuity payment deposit, r is annual interest rate , t is time in years and m is number of periods.
Given : m= $2000 ; m= 1 [∵ its annual] ; t= 10 years ; r= 0.06
Now substitute all these value in the formula , we get
⇒
⇒
⇒
⇒
Hence, the accumulated amount of the annuity= $59313.58