I think it’s 8 but unsure
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.
9514 1404 393
Answer:
A = 4, B = 3
Step-by-step explanation:
You require that ...
0.30 × A = 0.40 × B
Then ...
B = (3/4)A . . . . . divide by 0.40
Any pair of numbers that satisfies this equation will be possible values of A and B. One such pair is (A, B) = (4, 3).
Answer:
The original price of the laptop is 840
Step-by-step explanation:
Here, we want to calculate the original price of a laptop, given the amount that was paid off and the discount percentage enjoyed.
Firstly, let’s add back the 50 taken off. That makes a total of 50 + 664 = 714
Now, we remember he was also given 15% off. Let the price paid be x;
The 15% of x is equal the difference between x and the 714
Thus;
15/100 * x = x - 714
15x/100 = (x-714)
15x = 100(x-714)
15x = 100x -71400
100x-15x = 71400
85x = 71400
x = 71400/85
x = 840
