The amount that will be in the account after 30 years is $188,921.57.
<h3>How much would be in the account after 30 years?</h3>
When an amount is compounded annually, it means that once a year, the amount invested and the interest already accrued increases in value. Compound interest leads to a higher value of deposit when compared with simple interest, where only the amount deposited increases in value once a year.
The formula that can be used to determine the future value of the deposit in 30 years is : annuity factor x yearly deposit
Annuity factor = {[(1+r)^n] - 1} / r
Where:
- r = interest rate
- n = number of years
$2000 x [{(1.07^30) - 1} / 0.07] = $188,921.57
To learn more about calculating the future value of an annuity, please check: brainly.com/question/24108530
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Answer:
your gonna have to give me more details
Step-by-step explanation:
is this even a question
B A C
The longest angle is opposite to the longest side in a triangle. The same goes for the shortest and middle angles.
B is opposite to the 57 degree angle, the shortest angle, so it’s the shortest side. A is opposite to the 59 degree angle, so it is the second shortest side. C is opposite to the 64 degree angle, the largest angle, so it’s the longest side.
Answer:
What translation from other point???????????????????????
Step-by-step explanation:
2)The goal is to isolate the variable and get is down to x<?. This is actually a two step inequality problem. 0.7x - 2 < 5.5 +2 +2 0.7x<7.5 This implies: x<10.714 The way to graph this is to place an open circle of the number 10.714 on the number line indicating this number is not included as a solution to the inequality. Then draw the arrow going left from the open circle indicating all numbers from -∞ to 10.714.
