1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Sonja [21]
3 years ago
13

Find the value of annuity if the periodic deposit is $400 at 4% compounded monthly for 18 years

Mathematics
1 answer:
vlada-n [284]3 years ago
6 0

Answer:

~820.8$

Step-by-step explanation:

The total money (M) after 18 years could be calculated by:

M = principal x (1 + rate)^time

with

principal = 400$

rate = 4% compounded monthly = 0.04/12

time = 18 years = 18 x 12 = 216 months (because of compounded monthly rate)

=> M = 400 x (1 + 0.04/12)^216 = ~820.8$

You might be interested in
I need help with all of these. I’m bad at them. Tell me how you solved for this please
Greeley [361]

1) online has the lower unit price

27.25 / 5 = 5.45

32.16 / 6 = 5.3583333.... rounded it would be

5.35

2) The cost of 7 pounds would be 103.18

73.70 / 5 = 14.74 (cost of one pound)

14.74 x 7 = 103.18

3) The scarf in October costed more

13.35 / 3 = 4.45 (one scarf)

22.65 / 5 = 4.53

hope this helps


3 0
4 years ago
When Janelle woke up, it was –3 degrees Fahrenheit outside. As the morning progressed, the temperature rose 2 degrees every hour
m_a_m_a [10]

Answer: g(x)

Step-by-step explanation:

7 0
4 years ago
Read 2 more answers
in the ambrose family the ages of the three children are three consecutive even integers . if the age of the youngest child is r
klemol [59]

The ages are consecutive even numbers.
The youngest child is  (x+3) years old.
Every even number is 2 more than the one before it.
So the three ages are

           (x + 3),  (x + 5),  and  (x + 7).

Their sum is    x+3  +  x+5  +  x+7  =  3x + 15

But we're told that their sum is  42, so we can write

                                              3x + 15 = 42  <== the equation

Subtract 15 from each side:  3x         =  27

Divide each side by  3 :          x         =   9    <== the solution

So the three ages are  12,  14,  and  16.

The oldest child is  16  years old.

3 0
3 years ago
Jane Martin-Smith and her husband deposited $500 in an account on their wedding day and each subsequent anniversary. The money w
PolarNik [594]

Answer:

On their 25th anniversary, their account will have $850

Step-by-step explanation:

7% per year for 25 years is 170%

170% of 500 is 850

I hope this helps!

8 0
3 years ago
Read 2 more answers
Si tenemos las siguientes funciones f(x) = 2x -1 y g(x) = 4x2 - 4x + 1 ¿Cuál seria el resultado de la multiplicación de f(x) * g
timofeeve [1]
Use math papa it’ll give you the answer
3 0
3 years ago
Other questions:
  • 110 ft below sea level positive or negative
    9·2 answers
  • Which would be included in a probability model for rolling a cube with faces numbered 1 through 6. Select all that apply.
    14·2 answers
  • What is the simplified form of the following expression 3 4x/5
    8·1 answer
  • As an elearning project manager you need to plan the development of an 8 module course each module takes 11 hours to update how
    6·1 answer
  • G(x) = “8x <br> What is the domain of g?
    8·1 answer
  • Please give simple velocity example and awnser
    13·1 answer
  • What is the decimal multiplier to increase by 58%?
    11·1 answer
  • Find the 9th partial sum of the geometric sequence an=43n–1.
    13·1 answer
  • Pls, look at the picture for the question.
    6·2 answers
  • If a 6-foot-tall baby giraffe casts a 4- foot-long shadow, then how tall is an adult giraffe that casts a 10-foot shadow?​
    10·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!