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.
The correct answer would be B
Answer:
False
Step-by-step explanation:
If the conditional statement was if you have a dog then you have a pet, that would be the biconditional statement. The conditional is true but since not both parts of the biconditional are true, it is false.
Answer:
X < 9
The hallow circle means just greater than or less than
The numberline is pointing downwards showing that 9 is greater than x(unknown value)
The point is also on 9
Step 1: Simplify both sides of the equation.
37
=
−
3
+
5
(
x
+
6
)
37
=
−
3
+
(
5
)
(
x
)
+
(
5
)
(
6
)
(Distribute)
37
=
−
3
+
5
x
+
30
37
=
(
5
x
)
+
(
−
3
+
30
)
(Combine Like Terms)
37
=
5
x
+
27
37
=
5
x
+
27
Step 2: Flip the equation.
5
x
+
27
=
37
Step 3: Subtract 27 from both sides.
5
x
+
27
−
27
=
37
−
27
5
x
=
10
Step 4: Divide both sides by 5.
5
x
5
=
10
5
x
=
2
