1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Nuetrik [128]
3 years ago
11

$450 is deposited monthly for 11 years at 5% per year FV=

Mathematics
1 answer:
Ivanshal [37]3 years ago
6 0
1) montly rate, r = 5% / 12 = 0.416% = 0.00416

2) capital, C = $ 450 = present value

3) time = 11 years => number of periods = 11 * 12 = 132

4) Formula: FV = C * (1 + r) ^ (number of periods)

5) Calculation: FV = $450 * ( 1 + 0.00416)^(132) = $ 779.07

Answer: $ 779.07


You might be interested in
Between which two thousands is the number 36,219
Anastasy [175]
32,000 and 42,000. I know this because the question states "Two Thousands." 32,000 and 42,000 are both two thousands because 32 and 42 both end with 2's because of the "Two" in "Two Thousand."
4 0
4 years ago
Read 2 more answers
Two students in the same Spanish class, Perry and Dakota, plan to get together after school
shtirl [24]

Answer:

Dakota=20 perry=25 together= 45

Step-by-step explanation:

First step, remember to keep 5

second step, if they are find keep multiplying until they both meet the same number which is 20, but they both have 20. But Perry will have 25 since he started a day before

3 0
3 years ago
Find the y-intercept of the following equation. Simplify your answer.<br> y = -10x -3/7
77julia77 [94]

Answer: (0, -3/7)

Step-by-step explanation:

The Y-intercept would be the value of y when x is at 0, which is when the Y axis is intercepted. -3/7 is the starting position of the function when the the X = 0.

7 0
3 years ago
Bess wants to find the favorite sports of students at her school. How can she choose a sample for her survey?
Dmitrij [34]
She can make a vote around the school
5 0
4 years ago
Read 2 more answers
Solve each equation.<br> Show all steps<br> 4) -8(-6-5k)=-232
Lubov Fominskaja [6]

the answer is k=4.6. hope this helps

6 0
3 years ago
Other questions:
  • which equation show how you can find the number of minutes in one year? A. 60×24×365. b. 60×60×24. C. 60×365. D. 60×60×365
    12·1 answer
  • Which equation or graph represents a non proportional relationship
    15·1 answer
  • Find the slope of the line that contains the following points. e(5,7), f(3,1)
    7·1 answer
  • The price of an item has been reduced by 45%. The original price was $63.
    7·1 answer
  • Determine the length of c in triangle shown Need help today pleasee
    7·1 answer
  • RIGHT ANSWER GETS BRAINLIST WORTH 20 POINTS!!
    12·1 answer
  • If a father is twice as lod as his son and also 29 years older than his son. what is the age of the father?
    10·1 answer
  • The location of Sonia's school and home are plotted on the coordinate
    6·1 answer
  • Find the distance between the points.<br><br> (9.7, -2.1), (-3.2, 8.1)
    11·1 answer
  • What is the answer to this math question
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!