The value of the annuity after the last investment is $141,920.
You are looking for the future value of an annuity.
<em>Future value of annuity = Annuity x Future value interest factor of annuity </em>
Because this annuity is compounded semi-annually, you need to convert the figures to a semi-annual basis:
Number of periods = 6 years x 2 = 12 semi annual periods
Interest = 6% / 2 = 3% per semi annum
Future value of annuity = Annuity x Future value interest factor of annuity 3%, 12 periods
= 10,000 x 14.1920
= $141,920
<em>Find out more at brainly.com/question/14761171.</em>
Find the value of the function as x approaches 2
easy, plug in 2 for x
(3(2)+4)/(5(2)+7)=
(6+4)/(10+7)=
10/17
the value of the function as x approaches 2 is 10/17
Answer:
5.02 hours
Step-by-step explanation:
d = r * t
they each hiked same distance
mike: d= 5.5 * 4.2, which equals 23.1
pedro: d = 4.6 * rate
23.1 = 4.6r
r = 5.02 hours
Answer:
Carrie has 0.125 more than Larry and Larry has 3/4 more than Harry. Between them Harry, Larry and Carrie have 151. How many does Harry have? Carrie=63, Larry=56, Harry=32.
Step-by-step explanation: