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
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

You might be interested in
Please help me do this!<br>both questions!​
Simora [160]
Question a is 48 i think! because if you do 12 x how many side there are. it’s 4 so 12 x 4
7 0
2 years ago
Read 2 more answers
Match each scenario with the appropriate base that would be used to write the exponential equation.
FrozenT [24]

Answer:

1. a (100% - 3% = 97%)

2. b (Triples ⇒ *3)

3. c (100% + 3% = 103%)

6 0
2 years ago
Cathy is three times as old as Katie, but in six years, Cathy will be
PIT_PIT [208]

Answer:

Cathy is 18 Katie is 6

Step-by-step explanation:

mhm

7 0
2 years ago
The cost of a plane ticket varies directly as the number of miles in the trip. A 3000 mile trip costs $400. What is the cost of
melisa1 [442]

Answer:

$60

Step-by-step explanation:

set up a proportion and cross-multiply:

3000/400 = cost/450

c = cost

3,000c = 180,000

c = 180/3

c = 60

6 0
3 years ago
Mark has $77 in his savings account. He withdraws $146, deposits $73, and then withdraws $97. Find the balance of his account.
Paladinen [302]

$-93. Subtract 146, add 73, and subtract 97.

Lol hopefully I helped !!

6 0
3 years ago
Other questions:
  • What is the answer<br> to The metric system is based on power of what number?
    15·1 answer
  • The temperatures (in degrees Fahrenheit) in Long Island recorded by the weather bureau over a week were 42, 49, 53, 55, 50, 47,
    9·2 answers
  • A brand new filled jar of salsa is 11 cm tall and a has a radius of 6 cm. Kelly eats some of the salsa and the salsa in the jar
    13·2 answers
  • Triangle ABC is transformed to create triangle MNL?​
    6·1 answer
  • I inserted a picture please help!!!
    11·1 answer
  • Robert wants to have his birthday party at a bowling alley with a few friends, but he can spend no more than $80. The bowling al
    5·1 answer
  • Morgan buys 2 T-shirts that cost $14.95 each and 1 pair of shorts that costs $23.89. He gives the cashier $60.00. How much chang
    8·2 answers
  • The gross domestic product is
    9·1 answer
  • Determine whether there is positive, a negative, or
    5·2 answers
  • Assume that an investment of $7000 earns an APR of 6% compounded monthly for 18 months.
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!