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11111nata11111 [884]
3 years ago
11

Alba is Saving for a big overseas trip she hopes to take her senior year in college , which is four years away . She plans to de

posit 10,000 at the end of each quarter in an account earning 8% annual interest , compounded quarterly . How much money will alba have for trip after 20 years ?
Mathematics
1 answer:
eimsori [14]3 years ago
6 0

Answer:

FV= $1,937,719.58

Step-by-step explanation:

Giving the following information:

Quarter deposit= $10,000

Number of periods= 20*4= 80

Interest rate? 0.08/4= 0.02

<u>To calculate the future value, we need to use the following formula:</u>

FV= {A*[(1+i)^n-1]}/i

A= quarter deposit

FV= {10,000*[(1.02^80) - 1]} / 0.02

FV= $1,937,719.58

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Yakvenalex [24]
<h3>To find the product of 42.12 and 10^3,  move the decimal point in 42.12 3 places to the right because 10^3 has 3 zeros</h3>

<em><u>Solution:</u></em>

Given that,

\text{ product of } 42.12 \text{ and } 10^3

Which means,

42.12 \times 10^3

Here, the exponent of 10 is positive ( which is 3)

When the exponent is positive, we have to move the decimal point to right

When you multiply a number by a power of 10, ( 10!, 10^2, and so on ) move the decimal point of the number to the right the same number of places as the number of zeros in the power of 10

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Therefore,

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3 years ago
If y=kx, where k is a constant, and y=24 when x=6, what is the value of y when x=5
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I hope this helps <span>24 = k * 6  </span><span>4 = k  </span><span>y = kx  </span><span>y = 4x  </span><span>y = 4 * 5  </span><span>y = 20 

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6 0
3 years ago
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8 0
3 years ago
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Step-by-step explanation:

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State the value of ab if a=3 and b=5 *State the value of 9x - 3y if x=2 and y=3 *John and his 3 friends decide to order food. The cost of one box of food is $x. If each boy purchases one box of food, what is the total cost? *Vertical jumpHead turning

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2 years ago
-3x + y = -24<br> y = 7x + 22
levacccp [35]

Answer:

first one: 8

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Step-by-step explanation:

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3 years ago
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