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2 years ago

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

Mathematics

1 answer:

vlada-n [284]2 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$

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Helpp me asapp with this problem plss will crown brainiest !!!!

Evgen [1.6K]

Answer:

see below

Step-by-step explanation:

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vladimir2022 [97]

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Point a is at (-8, -13) and point b is at (4, 11). Hence the coordinates for point p(x, y) which is one-third the length of the line segment from a to b is:

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1 year ago

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Answer:

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Step-by-step explanation:

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