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:
8.778 or 8.8
Step-by-step explanation:
20% of 43.89 is 8.778
math: 43.89*(20/100) = 8.778
You need to make the right side = 0
To do this you subtract 10 from both sides of the equation:-
x^2 + 6x + 9 - 10 = 10 - 10
x^2 + 6x - 1 = 0
This is the commutative property because you have 3*x*2*y and you turn the x and the 2 around. The commutative property states that a * b = b * a and therefore x*2 = 2*x.
C is the correct answer when you divide 4.5 by 3
