Answer:
Step-by-step explanation:
Isolate the variable by dividing each side by factors that don't contain the variable.
Given Information:
Years = t = 35
Semi-annual deposits = P = $2,000
Compounding semi-annually = n = 2
Interest rate = i = 6.5%
Required Information
Accumulated amount = A = ?
Answer:
Accumulated amount = $515,827
Step-by-step explanation:
The future value of amount earned over period of 35 years and interest rate 6.5% with semi-annual deposits is given by
FV = PMT * ((1 + i/n)^nt - 1)/(i/n))
Where
n = 2
i = 0.065
t = 35
FV = 2000*((1 + 0.065/2)^2*35 - 1)/(0.065/2))
FV = 2,000*(257.91)
FV ≈ $515,827
Therefore, Anthony will have an amount of $515,827 when he retires in 35 years.
Answer:
15
Step-by-step explanation:
Use the Pythagorean Thereom:
= 
+
= 81+144
= 225
= 15
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Answer:
<u>4-0</u>
3-0
=4/3
<u>y-0</u> =4/3
x-0
3y-0=4x-0
3y=4x
y=4/3x
Step-by-step explanation:
Divide the gross income by 12 to find his monthly pay:
29,700 / 12 =$2,475 per month.
Multiply his monthly pay by 7%:
2,475 x 0.07 = $173.25 into his 401(k) per month.
The answer is A.
