Answer:
$172,984.44
Step-by-step explanation:
We can use the formula
to compute the final amount
Here P is the principal amount, the original deposit = $25,000
r is the annual interest rate = 6.5% = 0.065 in decimal
n is the number of times the compounding takes place. Here it is quarterly so it is 4 times a year
t is the number of time periods ie 30 years
A is the accrued amount ie principal + interest
Computing different components,
![nt = 4 \times 30 = 120](https://tex.z-dn.net/?f=nt%20%3D%204%20%5Ctimes%2030%20%3D%20120)
![r/n = 0.065/4 = .01625](https://tex.z-dn.net/?f=r%2Fn%20%3D%20%200.065%2F4%20%3D%20.01625)
![1 + r/n = 1.01625](https://tex.z-dn.net/?f=1%20%2B%20r%2Fn%20%3D%201.01625)
Therefore
![A = 25000 \times 1.0625^{120} = 172,984.44](https://tex.z-dn.net/?f=A%20%3D%2025000%20%5Ctimes%201.0625%5E%7B120%7D%20%3D%20172%2C984.44)
Answer:
The answer would be C
Step-by-step explanation:
The answer would be C because It is the most resnible and becaue I took that not to long ago.
Hope this helps
Please give me Brainliest
Answer:
therefore, 33 divided by 13 equals 2 and 7 thirteenths (can be rewritten as 2 7/13)
Step-by-step explanation:
Long division:
13 33
13*2 = 26
33 - 26 = 7
we have: 33/13 = 2 r7
we know that we can rewrite the remainder as 7/13
therefore, 33 divided by 13 equals 2 and 7 thirteenths (can be rewritten as 2 7/13)
Answer:
19 and 20
Step-by-step explanation:
19^3 = 6859
20^3 = 8000
7201 is between the two numbers.