In the following ordinary annuity, the interest is compounded with each payment, and the payment made at the end of the compounding period. find the accumulated amount of the annuity. (round your answer to the nearest cent)
$2000 monthy at 6.3% for 20 years

$957646.07

Step-by-step explanation:

The formula we use to find the accumulated amount of the annuity is given by :-

, where m is the annuity payment deposit, r is annual interest rate , t is time in years and n is number of periods.

Given : m= $2000 ; n= 12   [∵12 in a  year] ;   t= 20 years ;   r= 0.063

Now substitute all these value in the formula , we get

i.e.

i.e.

i.e.

i.e.

i.e.

Hence, the accumulated amount of the annuity= $957646.07

6,250

step-by-step explanation:

to get the area, multiply 360 by 160.(57,600)

to find out how many bags of fertilizer it will take, first figure out how many square feet one bag can hold. divide 1000 by 8(125) to get the unit rate(how many square feet one pound of fertilizer can hold)and multiply it by 50(6250). if i haven't made a mistake, that is the answer.