The worth of the collectible car in five years if its value is going up by 10% every year would be $46,704.79
<h3>What is the worth of the car?</h3>
If the value of the collectible car is increasing with time, it is said that the collectible car is appreciating in value.
The formula for calculating future value with appreciation:
FV = P (1 + r)^n
- FV = Future value
- P = Present value
- R = interest rate
- N = number of years
$29,000(1.1^5) = $46,704.79
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Answer:
You divided by two.
Step-by-step explanation:
8/2=4
6/2=3
9514 1404 393
Answer:
a. Definition of bisector.
Step-by-step explanation:
Line l is a line through the midpoint M. We can conclude it is a bisector, because, by definition, a bisector is a line through the midpoint.
The conclusion is justified by the definition of a bisector.
Answer:
Period annuity is the answer.
Step-by-step explanation:
Period annuity or fixed period describes a financial product offered by insurance companies that, in return for an investment, provides fixed payments each month for a certain amount of time.
A period annuity pays income to the person for a specified period of time like ten years. The payments depend on the amount paid into the annuity and the length of the payout period.
Whereas, the lifetime annuity provides income for the remaining life of the person.
Therefore, period annuity or fixed period annuity is the answer.
