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
How much is 25 pens for $19.75.
Scilla [17]

Answer:

$493.75

Step-by-step explanation:

  1. 25 × 19.75 = $493.75

I hope this helps!

6 0
4 years ago
Read 2 more answers
Identify the slope and y-intercept of 3x-2y=7
DENIUS [597]
Slope=-3/2
y-intercept=-7/2
4 0
3 years ago
А Suav is a waiter at a restaurant. Each day he works , Suav will make a guaranteed wage of $35 however the additional amount th
galina1969 [7]

$ 105

Suave gets $ 35 a day, but he realized he got $ 7 for every table he waited for.

= $ 35/7

= 5 .... He waited for 5 tables

which gets $ 7 for any table worth it

= 15 tables × $ 7

= $ 105

6 0
3 years ago
What is 24-5d=d oooooooooooooooooooo
Andrews [41]

Answer:

d = 4

Step-by-step explanation:

24 - 5d = d

24 = 6d

24 / 6 = 4

d = 4

Hope this helps :)

8 0
3 years ago
Describe how you regroup when you find the sum of 64 + 43.
NARA [144]
When you regroup you are basically breaking down the problem.
You would do 60 + 40=?
Then you would do 4 + 3= ?
Your answer would come out to 107
8 0
3 years ago
Other questions:
  • PLEASE HELP ME
    13·1 answer
  • Identify an equation in point-slope form for the line perpendicular to y = –4x – 1 that passes through (–2, 7).
    14·2 answers
  • What us the quotient of 1/8 divided by 3/4
    14·1 answer
  • The accompanying table shows wind speed and the corresponding wind chill factor
    12·1 answer
  • Find the length of HJ.
    7·2 answers
  • I need to find the expression for the nth term
    12·1 answer
  • A. 4 m<br> B. 5 m<br> C. 6 m<br> D. 8 m
    6·1 answer
  • PLS PLS PLS ANSWER
    9·1 answer
  • Do the ones you know. loving divers license o-o&lt;3
    10·1 answer
  • HELPP PLZ WILL MARK BRAINLIEST AGAIN
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!