Answer: $101,197
Explanation:
First find the periodic interest rate for 6 months because the rate is per year.
= 0.25% / 2
= 0.125%
There are 2 semi annual periods in a year so in 10 years:
= 2 * 10
= 20 periods
Use future value of annuity formula:
= Amount * ((1 + rate)^periods - 1) / rate
= 5,000 * (( 1 + 0.125%) ²⁰ - 1) / 0.125%
= $101,196.45
= $101,197
Answer:
The War in Europe. World War II in Europe began when Hitler's Nazi Germany attacked Poland. ... The countries that fought against Germany and the Axis Powers in Europe were called the Allied Powers. The main Allied Powers in Europe were Great Britain, the Soviet Union, and France
