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:
114
Step-by-step explanation:
Both angle 8 and angle 1 have the same measure, so angle 1 would also be 114 degrees
Answer:
$504
Step-by-step explanation:
since there is 12 months in a year , the family would pay 12$ a year.
12x12= 144
then since they paid a down payment of $360
360+144=504
so they would have paid $504
Answer:
20
Step-by-step explanation:
