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:
The answer would be 7 and 13/16
Step-by-step explanation:
Hope this helps.
Answer:
The center is located at (-1, -2), and the radius is 5.
Step-by-step explanation:
The general equation of a circle is given as
(x - a)^2 + (y - b)^2 = r^2
where
a and b are the centre of the circle and r is the radius
Given the equation
x2 + 2x + y2 + 4y = 20
add 1 ad 4 to both sides
x2 + 2x + 1 + y2 + 4y + 4 = 20 + 4 + 1
factorise
(x +1)^2 + (y+2)^2 = 5^2
comparing with the general equation
a = -1, b = -2, r = 5 (all measured in units)
