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]
2 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]2 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
Which of the points are solutions to the inequality?
postnew [5]

I think 4

Step-by-step explanation:

5 0
3 years ago
Read 2 more answers
Jen picked 3/4 of a gallon of strawberries in half an hour. If she keeps picking strawberries at the same rate, how many gallons
Ratling [72]
Hello!

3/4 = 0.75 as a decimal

We know that Jen picks 0.75 of a gallon of strawberries in half an hour, and now we want to find out how many gallons she'll pick in 2 hours.

Half an hour = 0.5 2 ÷ 0.5 = 4 There are four half hours in 2 hours.

0.75 × 4 = 3

ANSWER:

Jen will have picked 3 gallons of strawberries in 2 hours.
6 0
3 years ago
I(1, 1) and J (-3,-3)<br> Find the midpoint of the line segment
Pavlova-9 [17]
The Answer is (-1,-1)
4 0
3 years ago
A set of gulf clubs is on sale for $150, which is 70% off of its original price. What was the original price of the gulf clubs
Alika [10]

Answer: 500$

Step-by-step explanation: 150 is 70% off the ORIGINAL price, so 150 is actually 30% off. Divide everything by 3 and you get 50$ = 10%. Multiple 50 by 10 and you get 500, your answer.

8 0
3 years ago
What is 5 multipled by 18
Arturiano [62]
The answer is 90..........................................................................................
3 0
3 years ago
Read 2 more answers
Other questions:
  • PLEASE HELP ME ASAP!!! DONT UNDERSTAND!!! Find the area of the shaded region
    13·2 answers
  • Joe has a 28 foot long board. He needs to cut it into 24 equal length parts.How many feet should each section of the board be?
    13·1 answer
  • Find the value of each variable. <br> I need help only on 3 please
    9·2 answers
  • Which relation represents a function
    11·1 answer
  • 3 quater of number is 15 work out four fifths of the number​
    7·1 answer
  • (x^3-2x^2-4) (-3x^2+x)
    11·1 answer
  • If sine Theta is less than 0 and tan Theta is greater than 0 then​
    9·1 answer
  • Find the<br>value of<br>x if<br>3^x=3^2020+3^2017/3^2017+3^14​
    14·1 answer
  • What is the length of a desk in centimeters ​
    7·1 answer
  • Jhumpa has $55 in her savings account. This is $21 more than
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!