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Mathematics, 20.10.2019 13:50 TanishaSchollaert1

Ireally need !

what is the future value of the 10% savings from earnings of $1,470 if it earns 3.5% annual interest,

compounded monthly for 25 years?

use the compound interest formula to estimate the future value.

a = p (1+r/n)^nt

a.

$295.72

b.

$352.19

c.

$419.43

d.

$523.89

what is the future value of the 10% savings from earnings of $36,000 if it earns 6.25% annual interest, compounded quarterly for 15 years?

use the compound interest formula to estimate the future value.

a = p (1+r/n)^nt

a.

$912.65

b.

$9,126.53

c.

$1,825.31

d.

$18,253.31

justin contributes $208 each month to a savings account that earns 5% annual interest. calculate his annuity savings over the course of 25 years.

use

s = p ((1+r^n)-1/r)

a.

$9.927.23

b.

$65,520.00

c.

$62,660.00

d.

$123,866.02

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Answers: 3

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