Based on the payment made into the account every year and the interest rate, the amount in the account after 25 years should be <u>$187.159.62</u>
The amount is constant which makes it an annuity.
The future value of an annuity is:
<em>= Amount x ( ( 1 + rate) ^ Number of years - 1) / Rate </em>
Solving gives:
= 5,000 x ( ( 1 + 3.2%) ²⁵ - 1) / 3.2%
= $187.159.62
In conclusion, the amount would be $187,159.62
<em>Find out more about </em><em>future annuity value </em><em>at brainly.com/question/24346365. </em>
B. False. Risk can never be eliminated completely. You can reduce risk associated with individual stocks, but not general market risk. Hope this helps :)
Answer: Talking about your dog
Explanation: Like telling how you got your dog and where you found him/her/they or what problems you have had with your dog.
Experts predict that future trends in the u.s. banking industry will lead to several thousand banks. Basically, at the rate our population is growing and the need for banks, the amount of banks we have now, needs to grow. As predictions are made, there will need to be an increase in growth to accommodate those needing banking services.