Answer:
The amount received after 5 years is 1827.39
Step-by-step explanation:
The amount received by Bridget from his grandfather as the birthday gift = 1400
.
Since he wants to deposit it and save for college, he earns interest rate = 5.4%
He deposited this money for the years = 5 years.
Here, the Present value (PV) is = 1400
Interest rate ( r ) = 5.4% or 0.054
Since the interest rate is compounded semi annually, So, n = 10
Now if we calculate the future value of 1400 with interest rate 5.4 percent:



Therefore, 1827.39 will be the total money in his account after five years.
Answer:
perimeter=25.12 ft
Area=50.24 ft^2
Step-by-step explanation:
Radius=4 feet
π=3.14
Perimeter=2 x π x Radius
Perimeter=2 x 3.14 x 4
Perimeter=25.12 feet
Area=π x radius x radius
Area=3.14 x 4 x 4
Area=50.24 ft^2