Answer:
- value: $66,184.15
- interest: $6,184.15
Step-by-step explanation:
The future value can be computed using the formula for an annuity due. It can also be found using any of a variety of calculators, apps, or spreadsheets.
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<h3>formula</h3>
The formula for the value of an annuity due with payment P, interest rate r, compounded n times per year for t years is ...
FV = P(1 +r/n)((1 +r/n)^(nt) -1)/(r/n)
FV = 5000(1 +0.06/4)((1 +0.06/4)^(4·3) -1)/(0.06/4) ≈ 66,184.148
FV ≈ 66,184.15
<h3>calculator</h3>
The attached calculator screenshot shows the same result. The calculator needs to have the begin/end flag set to "begin" for the annuity due calculation.
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<h3>a) </h3>
The future value of the annuity due is $66,184.15.
<h3>b)</h3>
The total interest earned is the difference between the total of deposits and the future value:
$66,184.15 -(12)(5000) = 6,184.15
A total of $6,184.15 in interest was earned by the annuity.
Answer:
5 millimeters
Step-by-step explanation:
the conversion rate from cm to mm is 1 to 10 so 0.5 would equal to 5 mil
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Answer:
A number and its additive inverse are always the same distance from zero, and so they have the same absolute value.
Step-by-step explanation:
Hope this helps!!
Answer:
42.1
Step-by-step explanation:
The height of the main triangle is,
h = 47√3/2 (since it's an 30-60-90 triangle)
so to find x,
tan(44) = h/x
x = h/tan(44)
x = 42.1 (rounded to the nearest tenth)
Answered by GAUTHMATH