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:
formula: a squared + b squared= c squared
6 squared+ 8 squared= c squared
36+64= c squared
100= c squared
Square root both sides
You get 10= c
A=2(LW+LH+WH)
A=2((7/8)(1/3)+(7/8)(2/5)+(1/3)(2/5))
A=2(7/24+14/40+2/15)
A=14/24+28/40+4/15
A=7/14+7/10+4/15 210
A=(105+147+56)/210
A=308/210
A=(210+98)/210
A=1 98/210
A=1 7/15
Only -√5 will do the trick. Otherwise you're stuck with the irrational √5.
