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:
2 3/6
Step-by-step explanation:
You must turn 1 2/3 and 1 1/2 into improper fractions. You then multiply them and get an answer of 15/6, but since 6 can go into 15 twice (6x2=12+3=15), you get a whole of 2 and 3/6.
Answer:
-34
Step-by-step explanation:
6(-5)-4
-30-4
-34
Answer:
the answer is 848500 centimetres
Step-by-step explanation:
we have to multiply the value by 100.
hope it helps.
Turn F(x) into vertex form:
y=x^2+8x+6
y-6=x^2+8x
y-6+16=x^2+8x+16
y+10=(x+4)^2
Thus the vertex is (-4,-10)
This is a minimum because the parabola is up up, or is positive
