Mathematics, 26.07.2019 08:30 froyg1234

100$ deposited at the end of every week for five years in an account that pays 14%/a , compounded weekly what type of annuity us this find the future value of the annuity using the formula

Answers: 1

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Answers

The future value is:
$100 (\frac{r^n - 1}{r-1})$
where n is number of weeks and 'r' is the weekly growth factor.
$n = 52*5 = 260 \\ \\ r = 1+ \frac{.14}{52} = 1.00269$

Subbing into the sum formula gives:
$100(\frac{1.00269^{52} - 1}{.00269}) \\ \\ = 5573.23$

Answer from: Quest

ruth is 6 years old

step-by-step explanation:

6 + 24 = 30, so 6/30 = .2

if you do 1/5 it also equals .2, so that is the answer.

Answer from: Quest

x= 1

step-by-step explanation: convert 5\frac{11}{12}5

to improper fraction. use this rule: a \frac{b}{c}=\frac{ac+b}{c}a

ac+b

3.25+0.5x+1\frac{1}{3}+\frac{5}{6}x=\frac{5\times 12+11}{12}3.25+0.5x+1

5×12+11

2 simplify 5\times 125×12 to 6060

3.25+0.5x+1\frac{1}{3}+\frac{5}{6}x=\frac{60+11}{12}3.25+0.5x+1

60+11

3 simplify 60+1160+11 to 7171

3.25+0.5x+1\frac{1}{3}+\frac{5}{6}x=\frac{71}{12}3.25+0.5x+1

4 simplify \frac{5}{6}x

x to \frac{5x}{6}

3.25+0.5x+1\frac{1}{3}+\frac{5x}{6}=\frac{71}{12}3.25+0.5x+1

5 convert 1\frac{1}{3}1

to improper fraction. use this rule: a \frac{b}{c}=\frac{ac+b}{c}a

ac+b

3.25+0.5x+\frac{1\times 3+1}{3}+\frac{5x}{6}=\frac{71}{12}3.25+0.5x+

1×3+1

6 simplify 1\times 31×3 to 33

3.25+0.5x+\frac{3+1}{3}+\frac{5x}{6}=\frac{71}{12}3.25+0.5x+

3+1

7 simplify 3+13+1 to 44

3.25+0.5x+\frac{4}{3}+\frac{5x}{6}=\frac{71}{12}3.25+0.5x+

8 simplify 3.25+0.5x+\frac{4}{3}+\frac{5x}{6}3.25+0.5x+

to \frac{13.75}{3}+\frac{4x}{3}

13.75

\frac{13.75}{3}+\frac{4x}{3}=\frac{71}{12}

13.75

9 simplify \frac{13.75}{3}

13.75

to 4.5833334.583333

4.583333+\frac{4x}{3}=\frac{71}{12}4.583333+

10 subtract 4.5833334.583333 from both sides

\frac{4x}{3}=\frac{71}{12}-4.583333

−4.583333

11 simplify \frac{71}{12}-4.583333

−4.583333 to \frac{4}{3}

\frac{4x}{3}=\frac{4}{3}

12 multiply both sides by 33

4x=\frac{4}{3}\times 34x=

×3

13 simplify \frac{4}{3}\times 3

×3 to \frac{12}{3}

4x=\frac{12}{3}4x=

14 simplify \frac{12}{3}

to 44

4x=44x=4

15 divide both sides by 44

x=1

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100$ deposited at the end of every week for five years in an account that pays 14%/a , compounded we...