The amount of money that you will have at the end of the year from your brand-new savings account is $600.69.
<h3>What is future value?</h3>
The future value is the value of periodic cash flows in the future. It can be computed using an online finance calculator as follows:
<h3>Data and Calculations:</h3>
N (# of periods) = 24 (12 X 2)
I/Y (Interest per year) = 0.12% (0.01% X 12)
PV (Present Value) = $0
PMT (Periodic Payment) = $25
Results:
FV = $600.69
Sum of all periodic payments = $600.00 ($25 X 24)
Total Interest = $0.69
Thus, the amount of money that you will have at the end of the year from your brand-new savings account is $600.69.
Learn more about future values at brainly.com/question/24703884
Answer:
17
Step-by-step explanation:
11+14÷2-1
11+7-1
18-1
17
Answer:
Rate = 13.173% per year
Step-by-step explanation:
**Not 100% sure about this answer, but I think it's right.**
Calculation Steps:
Solving for rate r as a decimal
r = n[(A/P)^1/^nt - 1]
r = 1 × [(668.00/359.80)^1/^(1)^(5) - 1]
r = 0.131731
Then convert r to R as a percentage
R = r * 100
R = 0.131731 * 100
R = 13.173%/year
Answer:
The answer to the first question is 2.449489743
Step-by-step explanation:
And I will sub to the channel in a min...
