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:
8/9
Step-by-step explanation:
Answer:
The measure of angle S is 60°
Step-by-step explanation:
This is an equilateral triangle, which means that all sides and all angles are equal. Hence, in order for all the angles to equal 180°, they each have to equal 60°
21
The value of the home after 21 years is 200,000(1.035)^21=411,886.29
Your answer is 9x-8.
3x+4, x-10, 5x-2. If you combine the x's you get 9x. You can combine the numbers however you'd like. I chose to combine +4 and -2. That's 2. 2-10 = -8. Therefore your answer is 9x-8.
