Answer:
A ) The Amount which will be saved after five years is $ 5742.4
B ) The compound Interest is $ 1742.4
Step-by-step explanation:
The Principal deposited at the end of each year = $ 4000
The rate of interest = 7.5 % compounded annually
The time period = 5 years
From compounded method :
Amount = principal × 
or, Amount = $ 4000 × 
Or, Amount = $ 4000 × 
or, Amount = $ 4000 × 1.4356
∴ Amount = $ 5742.4
A ) The Amount which will be saved after five years is $ 5742.4
B ) The compound Interest = Amount - principal
Or, C I = $ 5742.4 - $ 4000 is $ 1742.4 Answer
Answer:
possibly 180 times
Step-by-step explanation:
math
also can someone answer my recent question i really need help
To determine the scale both measurements must be in the same unit, either feet or meters. 1 meter = 3.28084 feet525 meters = 1722.441 feet Scale is 4.2 / 1722.441, or 0.00243839992 1 foot = 0.3048 meters4.2 feet = 1.28016 meters 1.2801 / 525 = 0.0024389992
Hope This Helped :)
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Answer:
$7,358
Step-by-step explanation:
Assuming the interest is compounded annually, the amortization formula is useful here.
A = Pr/(1 -(1+r)^-t)
A is the annual scholarship, P is the principal invested at rate r for t years.
A = $100,000(0.04)/(1 -1.04^-20) = $7,358.18
The university could give $7,358 in scholarships each year.
