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.
Answer:
where's the question I'm confused
Im pretty sure its the radius of the circle....
Sorry if im wrong
Answer:
✑ 
Let us consider , there are 30 boys and 40 girls in a school. So, the ratio of number of boys to number of girls =
and read as 3 is to 4. We can say , the ratio compares two of more quantities of same unit. Until two quantities have same units , it is meaningless to compare by ratio. So, to find the ratio of two quantities , it is necessary to express them in same unit or of same kind. Since , they are in division form. So ,ratio is unit less quantity. Thus , the ratio is a comparison of two quantities of the same kind in division which doesn't have any units. For example :
is a ratio and is read as ' a is to b ' in which ' a : is antecedent and ' b ' is called consequent.
✎ 
☪ 
£ 21 is to be divided between Amy and Ben in the ratio 5 : 2. So, let Amy get £ 5x and Ben get £ 2x.
Then , According to the question , 
Solve for x :
⇝ 
⇝ 
⇝ 
The value of x is 3. Now , substitute the value of x in 5x :
Amy received £ 5x = 5 × 3 = £ 15 .
☥ 
Hope I helped ! ツ
Have a wonderful day / night ♡
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