The amount that will be in the account after 30 years is $188,921.57.
<h3>How much would be in the account after 30 years?</h3>
When an amount is compounded annually, it means that once a year, the amount invested and the interest already accrued increases in value. Compound interest leads to a higher value of deposit when compared with simple interest, where only the amount deposited increases in value once a year.
The formula that can be used to determine the future value of the deposit in 30 years is : annuity factor x yearly deposit
Annuity factor = {[(1+r)^n] - 1} / r
Where:
- r = interest rate
- n = number of years
$2000 x [{(1.07^30) - 1} / 0.07] = $188,921.57
To learn more about calculating the future value of an annuity, please check: brainly.com/question/24108530
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Answer:
B.
Step-by-step explanation:
x < 2 means all numbers less than 2. that is an open dot on 2 and shading to the left.
x >= -8 means -8 and all numbers greater than -8. that is a closed dot on -8 and shading to the right.
Answer: B.
Answer:
49 minutes
Step-by-step explanation:
Given :
Start time = 1:39 p. M
Return time = 2.28 p. M
Time spent Walking dog = difference between the start time and return time
Return time - start time
(2:28 p.m - 1:39p.m) = 49 minutes
Hence, Tiffany spent 49 minutes walking her dog
To find out if a number is prime or composite, divide the number by 2. If it gives no remainder, it is a composite number. Otherwise, it's a prime number.
83 / 2 = 41 R 1
It has a remainder, so it's a prime number.
Answer:
r=-1/5
Step-by-step explanation:
