omikunletimilep0mqu0 omikunletimilep0mqu0

08-12-2017
Mathematics

contestada

What is the total amount in an account that has had $45 per month added into it for 30 years and grew with an annual interest rate of 8%?

Respuesta :

20-12-2017

The Future Value of an Annuity is given by:FV = P [(1 + r)^n -1 / r] where the periodic payment P = $45
N = number of period = 360. And r = rate per period = (0.08/12) = 0.0066667
So we have 45[((1 + 0.0066667)^(360) - 1)/ 0.0066667] = $16, 405. 27

Answer Link

Otras preguntas

Why are Goodwill & Other Intangibles created in an LBO? a) To inflate the value of the acquired company b) To facilitate tax deductions c) To represent the

Describe how the English Language evolved from Old English, to Middle English (could be an essay question)

What is the legal scope of a protective sweep without reasonable suspicion of other people who may be dangerous?

True/False: Scopolamine (Transderm Scope) is susceptible to abuse.

What identify all schedule or forced removal items and their replacement intervals?

All modern domesticated pigeons have distinct traits that have been chosen by breeders, including the trait for feathered feet. Although most birds have scaly f

a and b are two independent events. the probability that both a and b occur is 1/6 and the probability that neither of them occur is 1/3. find the probability o

Which muscle has an attachment on the medial 3rd of the nuchal line? Which layer of the posterior muscles is it?

What ideals did the Paris Commune advocate for?A. monarchy and aristocracyB. workers' rights and a socialist systemC. economic inequality and political instabil

(algo) treasury stock; weighted-average and fifo cost [lo18-5] at december 31, 2023, the balance sheet of meca international included the following shareholders