Note: there is not enough money to be "rolled over" from the old account.
It will be assumed that he "tops up" the monthly payments to maintain a contribution of $3000/quarter to the new account.
Quarterly amount, A = $3000
interest per quarter, i = 0.035/4
Number of quarters over 20 years, n = 20*4=80
Future value (value in 20 years)
=A((1+i)^n-1)/i
=3000((1+.035/4)^60-1)/(.035/4)
=235406.74 (to the nearest cent)
Answer:
A,C,D
Step-by-step explanation:
math
Answer:
Total Surface Area: 166cm²
Step-by-step explanation:
Y = kx
so
k = y/x
k = 2 / -3 = -2/3
answer
-2/3
Answer:
b: 4
Step-by-step explanation: