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

Question

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 :

Otras preguntas

Read the following excerpt from Franklin D. Roosevelt’s “Day of infamy” speech. Which line reveals he purpose of the speech?

need help for question one in polynomials

y=-6x^2+100x-180 x=selling price of each soccer ball y=daily profit from soccer balls The vertex is located at (8.33, 236.67). What does this point repres

Whose job is it to review an athlete’s or entertainer’s contract for legitimacy?

Why should i care about saving an animal in adoption?

Do girls have more pressure on them by society than boys? Why or why not?

what was the outcome of the Dred Scott case

MANY POINTS!! When adding fractions, make sure the ______ are the same, and then add the _______.

What was a major political change after the Civil war? A) States had more rights after the war than before the war. B) The federal governments power increased.

CastleRook CastleRook · Answer 1 · 2018-04-13T11:00:28+02:00

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