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

Explain why hydrogen and oxygen are considered elements whereas water is not considered an element.

what are light years actually? answer in brief

what skills do strong academic writers possess

The Universal Law of Gravity states that the force of gravity acts between all objects. Nonetheless, you never feel that the fridge in your kitchen pulls you to

Let A={2,3} and B= {7,8}.write the power set of AxB.

what skills do strong academic writers possess

In monocots the endosperm is a large portion of the seed, while in dicots this structure is virtually absent. Explain the absence of the endosperm in dicots

find the percentage decrease in the area of triangle if each of its side is halved. (by using heron\'s formula)

What is the tenth term in the sequence 5,8,11,14...?A. 29B.32C. 35D. 38

Why have stone tools survived the best ?