The future value annuity is given by:
FV=P[(1+r)^n-1]/r
where:
P=principle=$650
r=rate=0.12/4=0.03
t= time=5×4=20
Hence our future value annuity will be:
FV=650[(1+0.03)^20-1]/0.03
FV=650×0.80611/0.03
FV=650×26.870375
FV=$17,465.75
The answer is $17,465.75
Answer:
1 real number solution
Step-by-step explanation:
b^2-4ac=0 1 real number solution
15 - (37 + 8)/3 = 15 - 45/3 = 15 - 15 = 0
I believe the answer would be 70 but make sure just in case.
Answer:
Step-by-step explanation: