The formula for calculating compound interest with yearly contributions is:
Balance = X*(1 + Y)^n + Z((1 + Y)^(n + 1) - (1 + Y)/Y)
where the balance is the money earned after n years invested
Y is the interest rate as a fraction
Z is the yearly contribution
X is the starting investment
Therefore the calculation for this example is:
Balance = 1200*(1 + 0.05)^48 + 1200((1.05)^49 - (1.05)/05)
= $249,393.5
Answer:
plug in 0 for y and solve for x
to find y plug in 0 for x
Step-by-step explanation:
Answer:
me dont know man why yall givin me this question
Step-by-step explanation:
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Based on the information given about corruption, it is vital for the business to showcase how investors look to invest and create job opportunities.
<h3>What is corruption?</h3>
Corruption simply means a form of dishonesty or a criminal offense undertaken by a person or an organization.
In order to enhance the probability that the foreign government would accept your proposal, it is important to convince the foreign government will need to showcase how investors look to invest and create job opportunities and its potential impact on GDP and wages.
Learn more about corruption on:
brainly.com/question/472198