Use compound interest formula F=P(1+i)^n twice, one for each deposit and sum the two results.
For the P=$40,000 deposit,
i=10%/2=5% (semi-annual)
number of periods (6 months), n = 6*2 = 12
Future value (at end of year 6),
F = P(1+i)^n = 40,000(1+0.05)^12 = $71834.253
For the P=20000, deposited at the START of the fourth year, which is the same as the end of the third year.
i=5% (semi-annual
n=2*(6-3), n = 6
Future value (at end of year 6)
F=P(1+i)^n = 20000(1+0.05)^6 = 26801.913
Total amount after 6 years
= 71834.253 + 26801.913
=98636.17 (to the nearest cent.)
Answer:
1.049
Step-by-step explanation:
Divide 103 into 108
Answer:
£13,819 to the nearest pound is still £13,819.
The total number of possible fivey sequences are; 6
<h3>How to solve a sequence?</h3>
We are told we are dealing with a fivey sequence which means that all the terms of the sequence must be positive integers and they must add up to 5.
Now, the possible numbers that can be used are;
1, 2 and 3.
If we start with 3, number of possible sequences is; 1
If we start with1, number of possible sequences is; 3 ways
If we start with 2, number of possible sequences is; 2 ways
Thus;
Total number of fivey sequences is 1 + 2 + 3 = 6 possible sequences
Read more about Sequence at; brainly.com/question/13612968
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