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.
The distance at the base is 4 feet. Hope this helps.
Any number less than -3, so -3.5, -4, -5, -6, -6.35368, -7, etc.
11a:
3x+5=5x-57
3x-5x=-57-5
-2x=-62
x=31
11b:
2x+2x+4x+150+4x+150=360
12x+300=360
12x=360-300
12x=60
x=5
hope this helped !!
