This is an annuity problem. The formula to be used is
FV = P*[ (1+i)^n - 1 ]/i
where,
FV = future value of annuity
P = payment per period
i = interest rate per period
n = number of periods
The annual payment of $3500 is divided into 4 quarters, so 3500/4 = 875 dollar is paid quarterly. This means P = 875
The annual interest rate r = 3.26% = 0.0326 is also divided into 4 parts to get: i = r/4 = 0.0326/4 = 0.00815
There are 24 periods (24 quarters) of payments made because 6 years = (6 years)*(4 quarters/1 year) = 6*4 = 24 quarters. Therefore, n = 24
--------------------------------------
In summary so far, we have
P = 875
i = 0.00815
n = 24
Let's plug those values into the formula to get...
FV = P[(1+i)^n - 1 ]/i
FV = 875[(1+0.00815)^24 - 1 ]/0.00815
FV = 875[(1.00815)^24 - 1 ]/0.00815
FV = 875(1.21507673897319 - 1)/0.00815
FV = 875(0.215076738973192)/0.00815
FV = 875(26.389783923091)
FV = 23091.0609327046
FV = 23091.06
Final Answer: $23,091.06
Is this volume of spheres? IF so what are you trying to do with the,......
1). 500/3 pi 2). 325 pi
3). 4000/3 pi 4).1000 pi
Try using Photomath for these types of problems especially graphing :)
Answer: 1
Step-by-step explanation:
Answer:
x = 41; B = 41°; A = 77°
Step-by-step explanation:
All of the angles add up to 180 so to solve for X you do (x) + (2x-5) + (62) = 180. Solve for X and you get 41. Lastly plut the answer back into the equation.