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
pantera1 [17]
3 years ago
10

Jessica invests​ $250 each quarter in an ordinary annuity with a​ 5% interest rate compounded quarterly. Determine the accumulat

ed amount in​ Jessica's annuity after 25 years.
Mathematics
1 answer:
madam [21]3 years ago
4 0

Answer:

Step-by-step explanation:

Usimg formula for calculating compound interest.

A = P(1+r/n)^nt

P is the principal =$250

r is the rate = 5%

t is the time = 25years

n = 1/4(compounded quarterly)

Substituting to get the amount A.

A = 250(1+5/25)^25/4

A = 250(1+0.2)^6.25

A = 250(1.2)^6.25

A = 250(3.125)

A = $781.31

Hence the accumulated amount in​ Jessica's annuity after 25 years is $781.31

You might be interested in
Create a word problem that involves speed
lana66690 [7]

A hockey puck is sliding on frictionless ice on an infinite hockey rink.
Its speed is 36 km/hour.  How far does the puck slide in 10 seconds ? 

 (36 km/hr) x (1,000 m/km) x (1 hr/3600 sec) x (10sec) =

         (36 x 1,000 x 10 / 3,600) meters  =  <em>100 meters</em>

What is the puck's speed in miles per hour ?

        (36 km/hr) x (0.6214 mi/km)  =  <em>22.37 mi/hr</em>


6 0
3 years ago
Help hurry !!!!! I need this
Dmitry [639]

Answer:21

Step-by-step explanation:

5 0
3 years ago
Read 2 more answers
What’s the name of each quadrilateral and the answer
OleMash [197]
A) rhombus
b) trapezoid
c) square
d) rectangle
e) parallelogram
f) trapezoid
g) a parallelogram has 4 sides. The two opposite sides are always parallel.
A trapezoid has 4 sides. Only two opposite sides are parallel. The other two sides are not parallel.
h) a square has angles that must be 90degree big. A rhombus doesn’t.
7 0
3 years ago
A soccer team wins 65% of its matches, and 15% of its matches end in a draw. If the team is scheduled to play 20 matches, about
Finger [1]
The team plays 20 matches. 

65% of the matches, the teams wins
= 20 * 0.65
= 13 matches

15% of the matches, the games ends in draw.
= 20 * 0.15
= 3 matches

The team is expected to lose in 
= 20 - 13 - 3
= 4 matches
3 0
3 years ago
Divide the whole into pieces that are each ⅙ of the whole. Then, solve the equation.
yKpoI14uk [10]

Answer: 6

Explanation

If we divide our figure into six, we get the following figure:

As we can see, we are left with 6 equal parts. This can be confirmed by solving the equation:

1\div\frac{1}{6}=\frac{6}{1}=6

6 0
1 year ago
Other questions:
  • Someone, please help me with this question! thank you
    11·1 answer
  • Solve the word problem. Mario has 18 coins in his drawer. Five of the coins are nickels, and the rest are pennies. What is the t
    9·1 answer
  • 75 students 2/5 gave speeches 1/5 have speeches how many remain
    15·1 answer
  • 1000 millimeters equals what =
    11·1 answer
  • Which sequence is modeled by the graph below? Points: (2,8) (3,4) (4,2) (5,1)
    14·1 answer
  • Please help ASAP it is due today
    5·1 answer
  • Nine more than the quotient of a number and 4 is 2
    13·1 answer
  • P=1/4q+8 make q the subject​
    12·1 answer
  • Which set of ordered pairs does not represent a function? O {(-3,-9), (7,9), (9, 1), (7,3)} O {(-3,8),(-6,5), (-5, -6), (1,-6)}
    15·2 answers
  • According to this diagram, what is tan 62°?
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!