Mathematics, 03.07.2019 12:30 rudondo4747
Tyrone opens an account at the local bank by depositing $50 of his birthday money. he continues to deposit $50 each month for 5 years. if the account pays 3 1/4% interest compounded monthly how much is the amount after 5 years?
Answers: 1
![\text{FV of annuity}=P[\dfrac{(1+r)^n-1}{r}]](/tpl/images/0046/4010/edb00.png)
![\text{FV of annuity}=50[\dfrac{(1+0.0325)^{60}-1}{0.0325}]](/tpl/images/0046/4010/cb120.png)
![=50[\dfrac{(1.0325)^{60}-1}{0.0325}]](/tpl/images/0046/4010/7dd0c.png)
![=50[\dfrac{6.8140-1}{0.0325}]](/tpl/images/0046/4010/ad912.png)
![=50[\dfrac{5.8140}{0.0325}]](/tpl/images/0046/4010/2ea8b.png)
Another question on Mathematics
Mathematics, 21.06.2019 16:30
Jackie purchased 3 bottles of water and 2 cups of coffee for the family for $7.35. ryan bought 4 bottles of water and 1 cup of coffee for his family for 7.15. how much does each bottle of water cost? how much does each cup of coffee cost?
Answers: 3
Mathematics, 21.06.2019 17:00
Simone claims the initial value and y-intercept are the same thing on a graph. is she correct? if you know that a line has a slope of and a y-intercept of 7, what is the equation for that line in slope-intercept form?
Answers: 1
Mathematics, 21.06.2019 17:00
Parks is wearing several rubber bracelets one third of the bracelets are tie-dye 1/6 are blue and 1/3 of the remainder are camouflage if parks wears 2 camouflage bracelets how many bracelets does he have on
Answers: 2
Mathematics, 21.06.2019 19:50
If your teacher tells you to do questions 6 through 19 in your math book for homework, how many questions is that
Answers: 1
You know the right answer?
Tyrone opens an account at the local bank by depositing $50 of his birthday money. he continues to d...
Questions
Advanced Placement (AP), 07.10.2019 19:00
History, 07.10.2019 19:00
Geography, 07.10.2019 19:00
Mathematics, 07.10.2019 19:00
Mathematics, 07.10.2019 19:00
Physics, 07.10.2019 19:00
Mathematics, 07.10.2019 19:00
Mathematics, 07.10.2019 19:00
Mathematics, 07.10.2019 19:00
