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:
33.3%
Step-by-step explanation:
The numbers greater than 6 from the spinner are 7 and 8.
2 numbers out of total 6 numbers.
2/6 = 1/3
= 0.333
= 33.3%
Answer:I feel bad
Step-by-step explanation:
Answer:
Step-by-step explanation:
4(x-3)2-5 = 139
(4x-12)-5=139
-20x + 60 = 139
-20x +60 - (60) = 139- 60
-20x = 79 divide both sides by -20
x = -3.95
