1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Mashcka [7]
3 years ago
11

What is the future value of $1,600 in 17 years assuming an interest rate of 10 percent compounded semiannually?

Mathematics
1 answer:
Naddika [18.5K]3 years ago
5 0
Let
F--------------------> future value
P--------------------> present value 
r --------------------> interest rate per year
m ------------------ > number of compounding periods per year
t -------------------->  time in years. 
we know that
P=$1,600
<span>t=17 years
m=2
r=10%------> 0.10

F=P(1+i)</span><span>^n
</span><span>where
i=r/m   ---------> 0.10/2=0.05
and
n=m*t------------> 2*17=34

</span>F=1600*(1+0.05)^34=8405.36
<span>
the answer is $</span>8405.36<span>

</span>
You might be interested in
Someone please help, is due tonight, will give brainly if helped. Thank you...
Alina [70]

Answer:

1. f & c,     d & e,

2. h & a,   g & b

3. h & d,    f & b,   g & c,     a & e

here ya go, i hope this is correct if i remember right

Step-by-step explanation:

3 0
3 years ago
Looking for some furniture for her new apartment, Susan visits the local swap meet in search of something cheap. Knowing that mo
liraira [26]
Using the formula for interest:

F = P (1 + r/n)^t

Where:
F = future value
P = Principal value
r = interest rate per year
n = interest period
t = duration

Substituting the given values:
F = 200 (1 + 0.32/12)^1
F = 205.33

To obtain the interest, we subtract the principal value from the future value. This is shown below:

Interest = 205.33 - 200 = 5.33

Among the choices, the answer is A.
7 0
3 years ago
Please helpppppppppppppppppppppp
qaws [65]

Answer:

The answer is 20

Explanation

7 0
3 years ago
Someone help me solve 29*26/54.33a^26b-893d
azamat

Answer:

The answer is 25g^R4

Step-by-step explanation:

When you solve the equation, it becomes 25g^R4, it doesn't result in a whole number.

6 0
3 years ago
Read 2 more answers
Simplify the expression (3+8i) - (4+2i) pls show work!
uranmaximum [27]

Subtract like terms:

3 -4 = -1

8i - 2i = 6i

The answer is -1+6i

3 0
3 years ago
Other questions:
  • The regular price of a child's entry ticket to a water park is $6 less than that for an adult's. The park offers half off all en
    12·1 answer
  • If a and b are odd integers,then a-b is an even integer identify the conclusion
    9·1 answer
  • How do u solve this?
    7·1 answer
  • 24,26 and 28 please. Solve each inequality using the four operations.
    12·1 answer
  • Estimate 9.586+3.097 then give me answer
    6·2 answers
  • A manufacturer of a consumer electronics products expects 3% of units to fail during the warranty period. A sample of 500 indepe
    8·1 answer
  • Which of these pairs are like terms? <br> 20 x, 0.8 x<br> 17, 3 x <br> 14 x, 14 x2<br> 0.5 x, 0.5 y
    13·1 answer
  • Select the equation that represents the problem. Let × represent the unknown number.
    11·2 answers
  • Find me X please i will give you 15 points
    15·2 answers
  • The U.S. Federal Income Tax is a progressive tax, which means that higher incomes are taxed at higher percent rates.
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!