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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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Work your brain today y'all!! I had $3.00. My Mom gave me $10.00. My Dad Gave me $30.00. My Aunt &amp; Uncle gave me $100.00. I
Citrus2011 [14]

Hey there! I'm happy to help!

We start out with 3.

3

Our mom gives us 10.

3+10=13

Our dad gives us 30.

13+30=43

Our aunt and uncle give us 100.

43+100=143

And we have another 7.

143+7=150

Therefore, we have $150 now.

Have a wonderful day! :D

6 0
2 years ago
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Where would we find the point (–10,0)? A. Quadrant III B. y-axis C. Quadrant II D. x-axis
Elina [12.6K]
The answer is D. x-axis, because of the layout of (x,y), meaning there would be an x value of -10, but no y value so it would sit on the x-axis
4 0
3 years ago
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the hardwere store sold 7,389 boxes of nails last year. they aold 9,125 boxes of screws. how many more boxes of screws did they
Naily [24]
1,784 because 9,125 - 7,389 = 1,784
7 0
2 years ago
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If five times a number plus two is 17 what is the number? A. 3 B. 2 C. 7 D. 5
VLD [36.1K]
5*3+2=17 it's A, 3 in this equation.
3 0
3 years ago
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A rectangle measures 6 cm by 4 cm. Another rectangle with adjacent sides 8 cm and x cm is geometrically similar to it. Find the
Elis [28]

Answer:

5 1/3 or 5.33333333333333333333333333333333333333333333333333333

Step-by-step explanation:

to find the scale factor, you must divide the two equal sides.

\frac{6}{8}

which equals

\frac{3}{4} or 0.75

Now, the way to get the value of x is to divide 4 by 3/4 0r 0.75

\frac{4}{0.75}

Which equals

5.333 repeating or 5 1/3

Hope this helps. If you have any follow-up questions, feel free to ask.

Have a great day! :)

6 0
3 years ago
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