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
dexar [7]
3 years ago
10

Jill starts to save at age 25 for a vacation home that she wants to buy for her 50th birthday. She will contribute $2500 each ye

ar to an account, which earns 1.3% annual interest, compounded quarterly. What is the future value of this investment, rounded to the nearest dollar, when Jill is ready to purchase the vacation home?
A. $73,712
B. $73,951
C. $294,847
D. $295,806
Mathematics
2 answers:
vodomira [7]3 years ago
5 0
FVAO=2500[((1+0.013/4)^(4*25)-1)/(0.013/4]
FVAO=294,847.29
The answer is c
Anarel [89]3 years ago
4 0
1.013=r^4

r=1.013^.25

F=2500(1-(1.013^.25)^n)/(1-1.013^.25)

F=2500(1-(1.013^.25^100))/(1-1.013^.25)

F=294606.19

So the answer is C. $294847, (they must have done intermediate rounding which leads to the slight discrepancy)


You might be interested in
Write the equation that shows 40 is 8 times more than 5
Vlad1618 [11]

Answer:

8X5=40

Step-by-step explanation:

3 0
3 years ago
Solve each equation. Be sure to check your solution.<br> 0.3a = 51
Aleksandr-060686 [28]

Answer:

a = 170

Step-by-step explanation:

0.3a = 51

a = 51 : 0.3

a = 51 : 3/10

a = 51 x 10/3

a = 510/3

a = 170

0.3x170 =

= 3/10x170

= 510/10

= 51

6 0
3 years ago
Read 2 more answers
Help me plz u will make my day
oksian1 [2.3K]

Answer:

18 1/3. You add 18 1/3 to cancel out that number.

Step-by-step explanation:

5 0
3 years ago
Which statement below compares the decimals correctly?
nata0808 [166]
A. 0.65 < 0.77 0.77 is greater than 0.65
7 0
3 years ago
Read 2 more answers
A car is traveling at a rate of
Oxana [17]
63/60min = 1.05k per min
(1.05k/min) * (20min) = 21k
3 0
3 years ago
Read 2 more answers
Other questions:
  • Which expression is equivalent to StartRoot StartFraction 2 x Superscript 5 Baseline Over 18 EndFraction EndRoot? Assume x great
    8·2 answers
  • I just need someone to check my answer.
    14·1 answer
  • How much would $300 invested at 7% interest compounded continuously be
    7·1 answer
  • An unknown or changeable quantity is
    5·1 answer
  • Solve the equation x/ 2 - 6 = y
    8·2 answers
  • a candy store sells different size bags of jelly beans.the line plot shows the weights of ten bags.Mikayla bought all of the. ba
    15·1 answer
  • How do you find the x-intercepts using factoring and the zero product property?​
    10·1 answer
  • Help pls I don’t understand this my teacher didn’t teach this
    7·2 answers
  • Which answer choice is it?<br><br> A 48<br><br> B 1.33<br><br> C 12<br><br> D 8
    10·1 answer
  • Bruce's hourly wage increased from $12.00 to $13.00. What is the percent of increase?
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!