theresajuge2 theresajuge2

04-04-2018
Mathematics

contestada

lois invests 650 every 6 months at 4.6%/a compounded semi-annually for 25 years. How much interest will she earn after the 25th year

Respuesta :

CastleRook CastleRook

13-04-2018

Future value annuity is given by:
FV=P[((1+r)^n-1)/r]
From the information:
P=650
r=0.046/2=0.023
n=25*2=50

Plugging our values in the formula we get:
FV=650[((1+0.023)^50-1)/0.023]
FV=59837.365

Answer Link

Otras preguntas

The atmosphere of Venus is composed primarily of _____.

What is the central equation of mass-energy equivalence?

Names of the items that historians used to find clues

Which answer choice correctly explains how Galileo Galilei contributed to secularism during the Renaissance? A. Galileo used his telescope to find evidence that

A manor house was useful because it was a a.place where tenants of the manor could stay. b.center for the administration of the community. c.place for peasan

Kennedy's military policies encouraged more funding for

Why does a company need to know what stage of the product life cycle its products are in?

What is 4.3 in light years

Define each of the following words or terms, then use them to write a paragraph about the Gold Rush. a. forty-niner b. boomtown c. vigilante

Which of the following is a primate city?