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 times 7, 14-9
Step-by-step explanation:
2 times 7 = 14
14-9=5
Answer: I think it is -0.4
Step-by-step explanation:
The numbers are "x" and "y", therefore, we suggest this system of equations:
x-y=14
xy=1800
We can solve by substitution method.
x=14+y
(14+y)y=1800
14y+y²=1800
y²+14y-1800=0
Now, we solve this square equation:
y=[-14⁺₋√(196+7200)] / 2=(-14⁺₋86)/2
We have two solutions:
y₁=(-14-86)/2=-50 ⇒x=14+y=14-50=-36
y₂=(-14+86)/2=36 ⇒x=14+y=14+36=50
Answer: we have two solutions:
Solution1: The first number is -36 and the other number is -50
Soltuion2: The first number is 50 and the other number is 36
Answer:
c=2 and is that a fraction or is it division?
Step-by-step explanation:
i dont know how to explain
