Princesscxrinne Princesscxrinne

01-05-2018
Mathematics

contestada

Find the amount of annuity.

Amount of each deposit:$6200
Deposited: semiannually
Rate per year: 6%
Number of years:5
Type of annuity: ordinary

Respuesta :

philipscaster83 philipscaster83

01-05-2018

6,200×(((1+0.06÷2)^(2×5)
−1)÷(0.06÷2))
=71,076.05

Answer Link

Otras preguntas

What is the quadratic formula

The floor of a hall has an area of 48 dm.The floor is to be tiled by triangular tiles.of sides 20 cm,30 cm and 40 cm. Find the total cost of tiles if cost of ea

What's the hinge theorem and it's converse?

Can water boil at 0°?

In the past 4 years, a sporting goods store had two yearly losses of $28,000 and $42,000 and two yearly profits of $104,000 and $10,000. What was the net prof

Train A arrives at the train station every 30 minutes, and Train B arrives every 40 minutes. Both are at the train station right now. In how many minutes will b

John bought a used truck for $4,500. He made an agreement with the dealer to put $1,500 down and make payments of $350 for the next 10 months. The extra cost pa

which is not a reason that the gupta economy thrived? A. Individual cities and villages were granted much power. B. The government banned outside trade to keep

julia is weighing several mineral samples for science class. Which unit of measure could she use to record her measurements.

After World War II, why did the Soviet union take over a number of countries to its west?