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
ValentinkaMS [17]
3 years ago
13

Calculate the final amount of a 20-year, long term savings plan if a payment of $2000 is made at the end of every year. Interest

is 8.5% compounded annually.
Mathematics
1 answer:
Andrej [43]3 years ago
6 0
Hi there
The formula of the future value of annuity ordinary is
Fv=pmt [(1+r)^(n)-1)÷r]
Fv future value?
PMT payment per year 2000
R interest rate 0.085
N time 20 years

Fv=2,000×(((1+0.085)^(20)−1)
÷(0.085))=96,754.03

Hope it helps
You might be interested in
Graph the system of linear inequalities.<br> y &gt; 3x + 2<br> y ≤ 3x − 4
Alisiya [41]

y > 3 \times 2 \\ solve \: for \: y \\ y > 6 \\ ye \: {6 +  \infty }

Sorry that's all i know

<h3>that is in my answer</h3>

<h2>#carryonlearning:-D</h2>
8 0
3 years ago
PLS HELP<br><br> What are the right answers? Or is this correct?
LekaFEV [45]

Answer:

i think your correct my bro

Step-by-step explanation:

7 0
2 years ago
Order these numbers from least to greatest.<br> 2<br> 12/5<br> 2.47<br> square root of 3
Arturiano [62]

Answer:

square root, 2,12/5,2.47

Step-by-step explanation:

7 0
3 years ago
No links
ludmilkaskok [199]

Answer:

2/5

Step-by-step explanation:

There's 5 jellybeans in the bag total and of the five, 2 of them are red, so the probability that Cynthia gives him 2 reds is 2/5.

5 0
3 years ago
Read 2 more answers
PLZ HELP WILL GIVE BRAINLIEST!!!!!!
Travka [436]
We should find the mean number of the tests. 
This would be done like: (23+24+25)/3  = 24

After that, you should find the percentage or fraction like this 24/50
Then use the fraction as an estimate like this:

(24/50) * 3250 = 1560

The correct answer is 1560.
5 0
4 years ago
Other questions:
  • Jeremy made 2 quarts of lemonade which expression can be use to find the number of fluid ounces of lemonade jerry made
    7·1 answer
  • Frank has been driving at a constant speed for 3 hours, during which time he traveled 195 miles. Frank would like to know how lo
    15·1 answer
  • How to do you divide 3/4 divided by 4/5
    6·1 answer
  • A store is having a sale on walnuts and chocolate chips. For 3 pounds of walnuts and 5 pounds of chocolate chips, the total cost
    13·1 answer
  • Write a translation rule that maps point D(7, −3) onto point D'(2, 5).
    6·1 answer
  • Select all the correct answers.
    12·1 answer
  • What is X equaled to
    14·1 answer
  • What equation, in point-slope form, matches the graphed line shown?
    10·2 answers
  • 1 32 multiplied by 0.32 when rounded to the nearest hundredths
    5·1 answer
  • What is the least common denominator of 10 and 14​
    13·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!