Hello, I believe the answer you’re looking for is beyond my ability thank you but 10+10=20 yessir
6 per cent compounded daily yields
(1 + .(06/365) )^365
=
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1.0618313107
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-1=
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<span>
6.18313107 % annually
Total = </span></span></span><span>4,000 * (1.0618313107)^(92/365) =
</span><span>$ 4,060.95
Here's a compound interest calculator:
http://www.1728.org/compint.htm
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Answer:
i dont know if this is right but i think that would be the second one
Step-by-step explanation:
i dont know if this is right but i think that would be the second one
The amount needed such that when it comes time for retirement is $2,296,305. This problem solved using the future value of an annuity formula by calculating the sum of a series payment through a specific amount of time. The formula of the future value of an annuity is FV = C*(((1+i)^n - 1)/i), where FV is the future value, C is the payment for each period, n is the period of time, and i is the interest rate. The interest rate used in the calculation is 4.1%/12 and the period of time used in the calculation is 30*12 because the basis of the return is a monthly payment.
FV = $3,250*(((1+(4.1%/12)^(30*12)-1)/(4.1%/12))
Answer:
Step-by-step explanation: the and is 36.
