Answer:
FV= $95,454.20
Step-by-step explanation:
Giving the following information:
Annual deposit= $2,000
Number of periods= 25 years
Interest rate= 5% compounded annually
<u>To calculate the future value of the annual deposits, we need to use the following formula:</u>
FV= {A*[(1+i)^n-1]}/i
A= annual deposit
FV= {2,000*[(1.05^25) - 1]} / 0.05
FV= $95,454.20
Answer: Yes the business made a profit for the month. They made $90,000 net profit. They made a profit of $90,000 after all the taxes were deducted.
Step-by-step explanation: 200 times $1000 = $200,000. $200,000 - $50,000 = $150,000. $150,000 - $40,000 = $110,000. $110,000 - $20,000 = $90,000
Answer:
Yes, because the area of one side of the divider is approximately 24ft^2
Answer:
x = 
or 
Step-by-step explanation:
