The future value annuity is given by:
FV=P[(1+r)^n-1]/r
where:
P=principle=$650
r=rate=0.12/4=0.03
t= time=5×4=20
Hence our future value annuity will be:
FV=650[(1+0.03)^20-1]/0.03
FV=650×0.80611/0.03
FV=650×26.870375
FV=$17,465.75
The answer is $17,465.75
Answer:
B. 0.32
Step-by-step explanation:
Fractions are basically division, so do 8 divided by 25 and you will get 0.32.
Answer:
81 = 3*3*3*3 = 3⁴
Step-by-step explanation:
A power of 4 means to multiply the given number 4 times with itself.