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:
the answer is 7.2 10³
Step-by-step explanation:
7.2 10³
Answer:
Quadratic
If my answer is right give me a like
The answer is going to be c because 12-35=23 and since there is variables you have to add the variable.
Answer:
13
Step-by-step explanation:
Distance between two points =
√
(
1
−
6
)
2
+
(
14
−
2
)
2 =
√
(
−
5
)
2
+
12
2
=
√
25
+
144
=
√
169
= 13
