The formula for calculating compound interest with yearly contributions is:
Balance = X*(1 + Y)^n + Z((1 + Y)^(n + 1) - (1 + Y)/Y)
where the balance is the money earned after n years invested
Y is the interest rate as a fraction
Z is the yearly contribution
X is the starting investment
Therefore the calculation for this example is:
Balance = 1200*(1 + 0.05)^48 + 1200((1.05)^49 - (1.05)/05)
= $249,393.5
Answer:
picturr is not visible to me
Answer: 1 Lap Per Every 4 Minutes Is Her Average Speed.
Step-by-step explanation: To find her average speed, simply divide 8 by 2 which is 4.
8/2 = 4 minutes per lap.
Answer:
50 + 5
Step-by-step explanation:
Answer:
9x + 1 = 7x + 13
<=> 2x = 12
<=> x = 6
with x = 6, UW = 7.6 + 13 = 55
Step-by-step explanation:
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