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:
-2/3y - 2/3x
Step-by-step explanation:
Just distribute and multiply the equation
Answer:
He got 30 right!
Step-by-step explanation:
Answer:
A negative exponent means that the number will be a decimal.
so 4 X 10^-9 (-9 being the exponent of 10)
the answer to this equation would be 0.000000004 because the decimal moves 9 times to the left
