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:
2/6 or 1/3
Step-by-step explanation:
Answer:
The y-intercept would be 7
The slope would be -1 or -1/1. They are both the same thing.
The slope is the number which is located directly to the left of the variable (the variable in this case is x, but in other situations it could be a totally different letter).
Answer:
Step-by-step explanation:
The y-intercept is the value of y when x=0.
8(0) - 3y = 0
y = 0
y-intercept = 0
