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:
The last part is not there
Step-by-step explanation:
Answer:
The expression that represents the length of 1 of the triangle's legs is y + 5
Step-by-step explanation:
An isosceles triangle has two sides equal which are the triangle legs. Let b represent the base of the triangle and l represent one of the triangle's legs. Then, the perimeter, P is given by
P = l + l + b
i.e P = 2l + b
From the question, P = 6y + 12 and b = 4y +2
∴ 6y + 12 = 2l + 4y + 2
6y - 4y + 12 - 2 = 2l
2y + 10 = 2l
∴ 2l = 2y + 10
Then,
l = (2y+10)/2
l = y + 5
Hence, the expression that represents the length of 1 of the triangle's legs is y + 5
Answer: 37%
Step-by-step explanation:
