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
i think it might be around 440,112
Answer:
2.34 grams
Step-by-step explanation:
In this problem, we need to find how many grams in 2.34mL. To solve the problem, we must know the relationship between grams and millilitre.
We know that,
1 milliitre = 1 gram
Hence,
2.34 mL = 2.34 grams.
13 + the cost of 1 brush + the cost of 1 brush = total money spent
Answer:
29.4
Step-by-step explanation:
