ZJSG09112007 ZJSG09112007

24-10-2021
Mathematics

contestada

See question in image.

See question in image class=

Respuesta :

mhanifa mhanifa

24-10-2021

Answer:

22677.69

Step-by-step explanation:

Given

Amount of contribution P = 500
Interest rate r = 8% or 0.08
Number of compounds n = 4
Time t = 30 years

Find the annuity using the formula below:

[tex]A= P*(1 - (1 + r/n)^{-nt})/(r/n)[/tex]

[tex]A= 500*(1 -(1+0.08/4)^{-30*4})/(0.08/4) = 22677.69[/tex]

Answer Link

Otras preguntas

what is a coastal body of water partially surrounded by land in which freshwater and saltwater mix

How are the structures of arteries, capillaries, and veins similar? How are they different?

Bats use ultrasound in echolocation. This sound is characterized by __low frequencylow amplitudehigh frequencyhigh amplitude

True or false Baklava would be found in the entree section of a restaurant menu

what is .net formatting?

What are all the perfect squares between 50 and 150?

1. How many solutions are there for the equation? x2 + 16 = 8x (Points : 1) 2 1 0

If a transformer has a primary with 100 V and fifty coils, and a secondary that yields 20 V, how many coils are on the secondary? a.) 200 b.) 20 c.) 50 d.)

How do you find the volume inside the cylinder but outside the sphere? H=12cm.

do rainforests have seasons? if do What are they?