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.
Answer:
58.5
Step-by-step explanation:
This expression should be simplified using order of operations. According to order of operations or PEMDAS, complete any numbers in parenthesis then any exponents, multiplication, division, additions and subtraction moving left to right through each operation.
Begin with Parenthesis.
(7+3-4*9) - Multiply first
(7+3-36) - Then add/subtract left to right
10 - 36 = -26
Replace -26 where the parenthesis were in the original expression.
9/4 (-26)
234/4
58.5
Answer: The correct formula for converting C to F is:
F = (9/5)C + 32
30°C = 86°F
Step-by-step explanation:
F = (9/5)C + 32
F = (9/5)(30C) + 32
F = 86°F
Answer:
D
Step-by-step explanation:
The inverse property states that any number multiplied by its reciprocal equals 1.
Answer: area of the shape is 180m2 (2 means squared)
