The formula of the future value of annuity ordinary is
Fv=pmt [(1+r/k)^(kn)-1)÷(r/k)]
Fv future value?
PMT payment 6200
r interest rate 0.06
K compounded semiannual 2
N time 5 years
Fv=6,200×(((1+0.06÷2)^(2×5)) ÷(0.06÷2))=277,742.72
Hope it helps
Answer:
I think the answer would be 22.15 but I'm not really sure.
Answer:
When translating phrases into algebraic expressions, you need to identify keywords and phrases which specifically refer to a mathematical operation (addition, subtraction, multiplication, and division). Usually, you can write out the algebraic expression of the verbal description in the order that it is said
He passed out 91 objects. 13 x 4 = 52 + 39 = 3 x 13
Its can be divisible by 2
