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
REY [17]
3 years ago
11

Find the future value of an ordinary annuity of $200 paid quarterly for 6 years, if the interest rate is 10%, compounded quarter

ly. (Round your answer to the nearest cent.)
Mathematics
1 answer:
kati45 [8]3 years ago
7 0

Answer:

Future value is $1543.12

Step-by-step explanation:

From the question, present value = $200, rate = 10%, years = 6.

So that future value of ordinary annuity can be calculated by,

FV = \frac{A{[(1+r)^{n} - 1]}}{r}

where: FV is the future value, A is the annuity, r is the rate, and n is the number of years.

FV = \frac{200[(1+0.1)^{6}-1] }{0.1}

    = \frac{200[1.1^{6}- 1] }{0.1}

    = \frac{200*0.771561}{0.1}

    = \frac{154.3122}{0.1}

FV = $1543.122  

The future value of the ordinary annuity is $1543.12.

You might be interested in
Find the smaller of 2 consecutive intergers, x, if the sum of the smaller and 6 times the larger is -29. Write an equation to de
Irina18 [472]

Answer:

x = -5 and x+1( consecutive integer) = -4

obviously x is smaller than the next integer

Step-by-step explanation:

Let the first integer be x

hence the consecutive integer is x +1

according to the give condition

x + 6(x + 1) = -29

x + 6x + 6 = -29

7x = -29 -6

7 x = -35

x = -35/7

x = -5

x + 1 = -5 + 1 = -4

GOOD LUCK FOR THE FUTURE! : )

8 0
2 years ago
A golfer has a 4 day tournament what is the final score
Pie

Answer:

11 to the second power is 121

Step-by-step explanation:

6 0
2 years ago
A rectangular exercise mat has a perimeter of 36 feet . The length mat is twice the width. Write and solve an equation to determ
Goshia [24]
ANSWER

72 square feet

EXPLANATION

The perimeter of a rectangle is given by:

P= 2l+2w

It was given that, the perimeter of the rectangular mat, is 36 feet.

36= 2l+2w

Divide through by 2.

18 = l + w...(1)

It was given also that, the length of the mat is twice its width.

This implies that,

l = 2w ...(2)

Put equation (2) into equation (1) to get,

18 = 2w + w

18 = 3w

w = 6 \: ft

This means that the length is 12 ft.

The area of the rectangular mat is

A = l \times w

A = 6 \times 12 = 72 {ft}^{2}
4 0
3 years ago
Write a formula for perimeter and area of a circle<br> Thank you !
Ratling [72]

Answer:

<em>The area of a circle is πr2 and the perimeter (circumference) is 2πr</em>

<em>thank</em><em> </em><em>you</em><em> </em><em />

3 0
3 years ago
Read 2 more answers
Determine the domain of the function.<br><br> f(x)=4/x^2
harkovskaia [24]
Since x can be any value as long as the denominator equals 0 (it doesn't matter if it's positive or negative), we have to figure out when x^2=0, which is when x=0. Therefore, the domain is (-inf, 0) U (0, inf) 
3 0
3 years ago
Other questions:
  • Solve the equation. 2/3-4x+7/2 = -9x+5/6 ​
    7·1 answer
  • (Answer Asap) The nuthouse sells macadamia nuts in three sizes. The 12 oz jar sells for 8.65, the 16 oz jar sells for $10.99, an
    7·1 answer
  • A college has a student to teacher ratio of 30 to 2. If there are 186 teachers at the college, how many students attend the coll
    8·1 answer
  • The chart below contains the results of a survey in which students were asked about their cell phone plan.
    10·2 answers
  • Solve the equation.
    6·1 answer
  • Pls help and look at the screenshot will give brainlist
    14·2 answers
  • Can somebody solve 2 and 3 for me?
    9·2 answers
  • In ΔUVW, the measure of ∠W=90°, the measure of ∠V=54°, and WU = 15 feet. Find the length of UV to the nearest tenth of a foot.
    5·1 answer
  • Which of the following functions best describes this graph?
    7·1 answer
  • If two lines are parallel, then the alternate exterior angles are ______.
    6·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!