Answer:67.5294117647
Step-by-step explanation: Or 67.5
Answer:
Step-by-step explanation:
Usimg formula for calculating compound interest.
A = P(1+r/n)^nt
P is the principal =$250
r is the rate = 5%
t is the time = 25years
n = 1/4(compounded quarterly)
Substituting to get the amount A.
A = 250(1+5/25)^25/4
A = 250(1+0.2)^6.25
A = 250(1.2)^6.25
A = 250(3.125)
A = $781.31
Hence the accumulated amount in Jessica's annuity after 25 years is $781.31
Answer:
Step-by-step explanation:
- 6(x - 7)= 2x + x + 9
- 6x - 42 = 3x + 9
- 6x - 3x = 9 + 42
- 3x = 51
- x = 51/3
- x = 17