1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Hunter-Best [27]
3 years ago
10

Jorgen Grace made deposits of $250 at the end of each year for 12 years. The rate received was 6% annually. What is the value of

the investment after 12 years?
Mathematics
1 answer:
PSYCHO15rus [73]3 years ago
3 0
<span>Deposits made is $250, it is called Present value P = 250 Rate of interest r = 6% = 0.06 Time n = 12 years, 12 payments Investment value after n years FV = FV = P *(1+r) *(((1+r) ^ n) – 1)/r FV = 250 * (1 + 0.06) * (((1 + 0.06)^12) - 1)/0.06 FV = 250 * 1.06 * (((1.06)^12) - 1)/0.06 => FV = 250 * 1.06 * (2.012 - 1)/0.06 FV = 250 * 1.06 * 1.012/0.06 => FV = 250 * 1.06 * 16.87 FV = 250 * 17.88 => FV = 4470.5 So the final value of investment after 12 years is $4470.5.</span>
You might be interested in
Please answer me fast , thanks​
marusya05 [52]

Answer:

invite taka kung and I have to go out for the night as well and

Step-by-step explanation:

sige and sa couple member a said weeks the a of days is will

8 0
2 years ago
Barba can walk 3200 meters in 24 minutes.How far can she walk on 3 mins
SashulF [63]

Answer:

400 meters in 3 minutes

Step-by-step explanation:

First find  how far she can walk in 1 minute.

3200/24 = 133 1/3.

She can walk 133 1/3 meters in 1 minute. If we want to find out how far she can walk in 3 minutes. Multiply that number by 3.

133 1/3 * 3 = 400.

Hope that helps.

8 0
3 years ago
Calculate the surface area of a hockey puck with a height of 1 in. and a diameter of 3 in
uysha [10]

Answer:

23.56

Step-by-step explanation:

2(\pi r^{2}) + 2\pirh

2(\pi 1.5^{2})+ 2\pi(1.5)(1)

23.56

6 0
3 years ago
Write 337,060 in expanded form using exponents
Agata [3.3K]

1. expand using place value.

337,060 = 300,000 + 30,000 + 7,000 + 000 + 60 + 0


Next, we will use exponents:

300,000 = 3 * 10^5

30,000 = 3 * 10^4

7,000 = 7 * 10^3

000 = 0 * 10^2

60 = 6 * 10

0 = 0 * 10^0


then after combing these exponents, we can write the number as:

337,060 = 3 * 10^5 + 3 * 10^4 + 7 * 10^3 + 0 * 10^2 + 6 * 10 + 0 * 10^0


Finally, removing the meaningless zeroes, we would end up with:

337,060 = 3 * 10^5 + 3 * 10^4 + 7 * 10^3 + 6 * 10


3 0
3 years ago
Jasmine’s cell phone company charges her $35 a month for phone service plus 0.50 for each text message. How many text messages d
nataly862011 [7]
A. 35+0.50(t)= $52
b. 34
3 0
2 years ago
Read 2 more answers
Other questions:
  • Can someine give me the answer to this please
    5·1 answer
  • Sam want to mark a point for 3/4 on the number line into how many parts explain
    13·1 answer
  • Please help me, i cant figure this out
    8·1 answer
  • Study the function below and then answer the questions that follow.
    15·2 answers
  • What is the volume of a cylinder with a height of 5.8cm and radius of 2.1 cm? Show work
    6·2 answers
  • 4. Select the expression equivalent to (6x + 5) - (4x14).
    11·1 answer
  • PLS PLS HELP!!!!!! WILL MARK BRAINLIEST!!! :)
    10·2 answers
  • Using 3.14 for pie what is the area of the circle to the nearest tenth of an inch
    12·2 answers
  • Giving brainliest please help with math
    14·1 answer
  • Jean-Paul incorrectly states that
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!