Answer:
- value: $66,184.15
- interest: $6,184.15
Step-by-step explanation:
The future value can be computed using the formula for an annuity due. It can also be found using any of a variety of calculators, apps, or spreadsheets.
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<h3>formula</h3>
The formula for the value of an annuity due with payment P, interest rate r, compounded n times per year for t years is ...
FV = P(1 +r/n)((1 +r/n)^(nt) -1)/(r/n)
FV = 5000(1 +0.06/4)((1 +0.06/4)^(4·3) -1)/(0.06/4) ≈ 66,184.148
FV ≈ 66,184.15
<h3>calculator</h3>
The attached calculator screenshot shows the same result. The calculator needs to have the begin/end flag set to "begin" for the annuity due calculation.
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<h3>a) </h3>
The future value of the annuity due is $66,184.15.
<h3>b)</h3>
The total interest earned is the difference between the total of deposits and the future value:
$66,184.15 -(12)(5000) = 6,184.15
A total of $6,184.15 in interest was earned by the annuity.
<span>The area of mathematics that deals with points, lines, shapes and space. Plane Geometry is about flat shapes like lines, circles and triangles. Solid Geometry is about solid (3-dimensional) shapes like spheres and cubes.</span>
Answer:
X= 15
Step-by-step explanation:
the above equation will be used to determine the value of x.
the above equation will be used to determine the value of x.
6x-12= 2x+20+18
6x-2x = 20+12+18
4x= 60.
X= 60/4
X= 15
x = 15
i think you answer would be b "omg all the b's xD" I MIGHT BE WRONG THO and if i am in suuuper sorry :/
Answer: Please rewrite your question or send a pic. It is not clear what you are asking.
Step-by-step explanation: