The amount that will be in the account after 30 years is $188,921.57.
<h3>How much would be in the account after 30 years?</h3>
When an amount is compounded annually, it means that once a year, the amount invested and the interest already accrued increases in value. Compound interest leads to a higher value of deposit when compared with simple interest, where only the amount deposited increases in value once a year.
The formula that can be used to determine the future value of the deposit in 30 years is : annuity factor x yearly deposit
Annuity factor = {[(1+r)^n] - 1} / r
Where:
- r = interest rate
- n = number of years
$2000 x [{(1.07^30) - 1} / 0.07] = $188,921.57
To learn more about calculating the future value of an annuity, please check: brainly.com/question/24108530
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It will be 256.20 I hope I helped
Answer:
22.5 square feet
Step-by-step explanation:
Hope this helps.
Answer:
C
Step-by-step explanation:
Direct variation is a special case of first order equations; in both cases, the input is multiplied by a constant which we call the "slope" or "constant of variation." However, no direct variation equation includes a constant ("y-intercept"). So, if a given equation does have a y-intersect, that equation does not represent direct variation; if it does NOT have a y-intercept, that equation represents direct variation.
A) involves a constant term, -2; NOT direct variation
B) involves a constant term, 10; NOT direct variation
C) Here 3y = x, or y = x/3, involves no constant term, so Does represent direct variation
D) involves a constant term -3; NOT direct variation
1/4=0.25
You mean that dear~
