Note: there is not enough money to be "rolled over" from the old account.
It will be assumed that he "tops up" the monthly payments to maintain a contribution of $3000/quarter to the new account.
Quarterly amount, A = $3000
interest per quarter, i = 0.035/4
Number of quarters over 20 years, n = 20*4=80
Future value (value in 20 years)
=A((1+i)^n-1)/i
=3000((1+.035/4)^60-1)/(.035/4)
=235406.74 (to the nearest cent)
Where is the pic?
i need to see it
Answer:
1/30
Step-by-step explanation:
1/9 x 3/10 = 3/90 = 1/30
The greatest common factor( GCF) of 36 and 84 is 12.
It mean something that is even