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
A player pays $15 to play a game in which a chip is randomly selected from a bag of chips. The bag contains 10 red chips, 4 blue
adelina 88 [10]

Answer:b. 4.50

Step-by-step explanation:

4 0
3 years ago
Read 2 more answers
HELP URGENT!!!!
Vikki [24]
The equation should be y= -2x+5.
7 0
3 years ago
Find the value of unknown angle x,y,z,a,b,c with reasons and full process​
Oduvanchick [21]

Answer:

Step-by-step explanation:

x = 70 degree (being vertically opposite angles)

y + 70 degree =180 degree (being linear pair)

y = 180 - 70

y = 110 degree

In triangle,

x + 60 + misssing angle = 180 degree (sum of interior angles of a triangle)

70 + 60 + missing angle =180

130 + missing angle = 180

missing angle = 180 - 130

missing angle = 50 degree

c = missing angle (being vertically opposite angles )

c = 50 degree

x + missing angle = a (sum of two interior opposite angles is equal to the exterior angle formed)

70 + 50 = a

120 degree = a

a = b (being vertically opposite angle

120 =b

therefore b is 120 degree

Hence , a = 120 degree , b = 120 degree , c = 50 degree , x = 70 degree , y = 110 degree

7 0
3 years ago
$14.30 is the Original Price and a 25% discount what is the total.
mario62 [17]

If your total is $14.30 and you use a 25% discount you total would then be $10.73


So $10.73 would be your answer

4 0
3 years ago
Shelly biked 21 miles in 4 hours. What is Shelly's average speed in miles per hour? At that same rate how many hours will it tak
Vedmedyk [2.9K]

So, we need to do the distance she travelled (21 miles) divided by the rate at which she travelled (4 hours). Therefore, because 21 divided by 4 is 5.25, she biked at a speed of 5.25 mph (Miles per hour). So, if she bikes 5.25 miles every hour we can divide 42 by 5.25 to get the time it would take her to travel 42 miles. Now, 42 divided by 5.25 equals 8, so that means for Shelly to bike 42 miles at her average speed of 5.25 mph, it would take her 8 hours.

5 0
3 years ago
Read 2 more answers
Other questions:
  • How is a donkey living
    14·1 answer
  • I need help ASAP I have to turn this in 2 minutes.
    10·1 answer
  • How do you estimate the quotient of 6.1 divided by 8
    10·2 answers
  • Sole thus problem for 10 points 2x^2-4+10=0
    5·1 answer
  • This graph shows how the length of time a kayak is rented is related to the rental cost. What Is the rate of change shown in the
    8·2 answers
  • What is the equation in slope-intercept form of the line that passes through the point (5, 0) and is parallel to the line repres
    10·1 answer
  • Plssss help plsssssss
    8·2 answers
  • Two ferries start moving toward each other from opposite riverbanks, a and b. when they pass each other for the first time, the
    6·2 answers
  • What's the distance between (0,2) and (0,8)?
    14·1 answer
  • points E,F and G are plotted on a number line at -1, 2 and 6 respectively. Find the coordinate o f the point that represents the
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!