Use compound interest formula F=P(1+i)^n twice, one for each deposit and sum the two results.
For the P=$40,000 deposit,
i=10%/2=5% (semi-annual)
number of periods (6 months), n = 6*2 = 12
Future value (at end of year 6),
F = P(1+i)^n = 40,000(1+0.05)^12 = $71834.253
For the P=20000, deposited at the START of the fourth year, which is the same as the end of the third year.
i=5% (semi-annual
n=2*(6-3), n = 6
Future value (at end of year 6)
F=P(1+i)^n = 20000(1+0.05)^6 = 26801.913
Total amount after 6 years
= 71834.253 + 26801.913
=98636.17 (to the nearest cent.)
Answer:
The answer is 1.65
Step-by-step explanation:
−2.25−(−3.9)
=−2.25−(−3.9)
=−2.25+3.9
=1.65
Answer:
7
Step-by-step explanation:
21×1/3
21÷3=7
hope I've helped
Answer:
negative
Step-by-step explanation:
Answer: $0.65
Step-by-step explanation:
Amount for the magazine in a regular newsstand for one year:
1.95*12=$23.4
Amount saved per issue with subscription:
(23.4-15.60) ÷ 12 = $0.65 per issue is saved with a subscription
