Answer:
$1,073,741,824
Step-by-step explanation:
Every 12 years, the price increases by double. So, first we would need to find the difference of years between 2370 and 2046.
2370-2046=324
Divide this number by 12 to see how many times the number is doubled.
324/12=27
Continue this pattern of "every 12 years, the price increases by 2x" 27 times.
Ex: 2058-->$16
Ex: 2070-->$32
Ex: 2082-->$64
etc....
Answer:
Yes, it's 13r.
Step-by-step explanation:
5r+8r=13r
Answer: B
Step-by-step explanation: 6^2 = 36
36*4= 144
144-7= 137
14,000,000 is the answer please give me points
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.
