<h3>Answer: $183,047.86</h3>
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Work Shown:
You deposit $1000 each quarter into the account. There are 4 quarters per year, so you really deposit $4000 per year. At the end of the year, the interest is compounded and added into the account to help it grow (beyond what you put in).
Because of the periodic deposits done every year for 20 years, this means that we'll use an annuity formula. Specifically a future value annuity formula.
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The formula we'll use is
FV = P*( (1+i)^n - 1 )/i
where
FV = future value of account = unknown
P = periodic payment amount = 4000
i = interest rate per period = 8% = 0.08
n = number of periods = number of years = 20
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Plug all those values into the formula and compute. Round to the nearest penny.
FV = P*( (1+i)^n - 1 )/i
FV = 4000*( (1+0.08)^20 - 1 )/0.08
FV = 183,047.857192466
FV = 183,047.86
Move it to the right to make it
2x-x=-5-3
Answer:
The probability that the next color will be red is:
Step-by-step explanation:
The probability of an event is defined as:
Probability=(Total number of favourable outcomes)/(Total number of outcomes )
Here we have to find the probability that the next colour is red is given by:
<em>The recordings are given as:</em>
B R Y R R R R Y R B R R
Number of outcomes that red will come up=8
Total number of outcomes=12
Hence the probability is given by:
The correct answer is E
I recommend you Math-way , to solve your problems.