The formula for calculating compound interest with yearly contributions is:
Balance = X*(1 + Y)^n + Z((1 + Y)^(n + 1) - (1 + Y)/Y)
where the balance is the money earned after n years invested
Y is the interest rate as a fraction
Z is the yearly contribution
X is the starting investment
Therefore the calculation for this example is:
Balance = 1200*(1 + 0.05)^48 + 1200((1.05)^49 - (1.05)/05)
= $249,393.5
Answer:
yes,yes,yes,no :) hope it helps
Step-by-step explanation:
Answer:
The first should be (x+6, y-(-10).
The others, not sure but you have to plug them in.
The similar Triangle OPN and triangle LMN are similar have the ratio LM / MN = OP / NP
<h3>What are
similar figures?</h3>
Two figures are said to be similar if they have the same shape and the ratio of their corresponding sides are in the same proportion.
Triangle OPN and triangle LMN are similar, hence:
LM / MN = OP / NP
The similar Triangle OPN and triangle LMN are similar have the ratio LM / MN = OP / NP
Find out more on similar figures at: brainly.com/question/2644832
