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:
first one is 32
the second one is 53
Step-by-step explanation:
Answer:
(-1,2)
Step-by-step explanation:
V= 735.62
volume formula for sphere is v= 4/3 π r3
the radius is half of the diameter so v= 4/3 π 5.6 3
i think?
Answer:
It is in the tenths place
Step-by-step explanation:
In the number 9.365, 3 is in the tenths place.