Answer:
$1,448.66
Step-by-step explanation:
The future value of an annuity with yearly deposits 'P' at an interest rate of 'r' invested for 'n' years is determined by:
![FV = P[\frac{(1+r)^n-1}{r}]](https://tex.z-dn.net/?f=FV%20%3D%20P%5B%5Cfrac%7B%281%2Br%29%5En-1%7D%7Br%7D%5D)
For P = $100, r = 0.08 and n = 10 years:
![FV = 100[\frac{(1+0.08)^{10}-1}{0.08}]\\FV=\$1,448.66](https://tex.z-dn.net/?f=FV%20%3D%20100%5B%5Cfrac%7B%281%2B0.08%29%5E%7B10%7D-1%7D%7B0.08%7D%5D%5C%5CFV%3D%5C%241%2C448.66)
The amount at the end of the ten years is $1,448.66
Answer:
about 17
Step-by-step explanation:
side 1 =4
side 2=4
side 3=4
one of the slanted lines is about equal to 2 and the other is also about 2
but i rounded it to 17 because a slanted line is longer than one that is straight across
Put n=2 ,
f(2+1) = f(2) => f(3) = f(2) = 9
now, put n=1,
f(1+1) = f(1) => f(2) = f(1) = 9
The square root of 39 is 6.245. It lies between the whole numbers 7and 8!
