The formula for calculating compound interest with yearly contributions is:
Balance = X*(1 + Y)^n + Z((1 + Y)^(n + 1) - (1 + Y)/Y)
where the balance is the money earned after n years invested
Y is the interest rate as a fraction
Z is the yearly contribution
X is the starting investment
Therefore the calculation for this example is:
Balance = 1200*(1 + 0.05)^48 + 1200((1.05)^49 - (1.05)/05)
= $249,393.5
<span>C. 23% this is yur answer hope i helped</span>
Step-by-step explanation:
6.222 answer pls mark me branilest
Since the mean of the distribution is 110, and the distribution is normal, then 50% of the the people will have scores below 110.
Answer:
1/2
Step-by-step explanation:
The slope of the points (4,-3) and (3,-1) is -2
The slope of a line perpendicular to said points would be the opposite reciprocal which would be 1/2
heres how you'd find the initial slope of the points
(4, -3)
-1 +2
(3, -1)
Slope= rise/run= 2/-1= -2
