Answer:
A) $93,504.818
B) $40,000
C) $53,504.818
Step-by-step explanation:
Yearly contribution ( periodic payment) = $4000
Period (p) = 10years
Additional period(y) = 5years
Annual interest(r) = 9% = 0.09
Future value (FV) =
periodic payment [(1 + r)^y - 1] / r
4000 [(1 + 0.09)^10 - 1 / 0.09]
4000[1.09^10 - 1 / 0.09]
4000[1.3673636 / 0.09]
4000(15.192929)
= 60771.716
If left for five more years:
FV = 60771.716(1 + r)^n
FV = 60771.716(1 + 0.09)^5
FV = 60771.716(1.09)^5
FV = 60771.716(1.5386239549)
FV = $93,504.818
B) MR. HUGHES CONTRIBUTION :
Periodic payment × p ; $4000 was deposited annually for 10 years.
$4000 × 10 = $40,000
C) Interest = Future value - contribution
$93,504.818 - $40,000
= $53,504.818
209 rounded to the nearest ten; 210
209 rounded to the nearest hundred; 200
Hope this helped ;)
Answer:mean
Step-by-step explanation: I am also not sure because I been looking for the anwser to this but I think it’s mean
1/9
1/3 chance the shirt is blue, 1/3 chance that the shirt is small
multiply the odds and you get 1/9
Answer: -1/3
Step-by-step explanation:
The formula is y2 - y1/ x2 - x1 . So the answer would be -1/3 bc 3 - 2 = 1 and -11 - (-8) = -3.
