$FV=A(\frac{(1+\frac{r}{m})^{mt})-1}{\frac{r}{m}})$ , where A is the annuity payment deposit, r is annual interest rate , t is time in years and n is number of periods.

Given : Annuity payment deposit :A= $4500

rate of interest :r= 6%=0.06

No. of periods : m= 1 [∵ its annual]

Time : t= 10 years

Now we get,

$FV=(4500)(\frac{(1+\frac{0.06}{1})^{1\times10})-1}{\frac{0.06}{1}})\\\\\Rightarrow\ FV=(4500)(\frac{(1.06)^{10})-1}{0.06})\\\\\Rightarrow\ FV=(4500)(\frac{0.79084769654}{0.06})\\\\\Rightarrow\ FV=(4500)(13.1807949423)\\\\\Rightarrow\ FV=59313.5772407\approx59313.58 \ \$

∴ the accumulated amount of the annuity= $59313.58

4 0

4 years ago

The high temperature on a given winter day is 5 F. What is the temperature in °C? I have to now how to work it.

ICE Princess25 [194]

It is 15°C. The way you find out how to turn F into °C is take the number in F subtract 32 from it take that number and multiply it by .5559, then you will have your answer.

6 0

3 years ago

Slope intercept from two points<br> (3,-8) and (6,-4)

sukhopar [10]

Answer:

(3,4)

Step-by-step explanation:

(6-3)(-4(--)+3)

5 0

3 years ago

Approximately three out of every 25 Americans live in California

Liula [17]

Is that a question or a true or false question..

7 0

3 years ago