2) Pito Pérez was saving the amount of $1,500 at the beginning of each fortnight for 10 years. What is the final amount accumulated at the end of the last fortnight? with an interest rate of 12% per year compounded biweekly

Name: Solved: 2) Pito Pérez was saving the amount of $1,500 at the beginning of each fortnight for 10 years. What is the final amount accumulated at the end of the last fortnight? with an interest rate of 12% per year compounded biweekly - MathMaster
Brand: MathMaster
Rating: 4.9 (275 reviews)

275

likes

1377 views

Answer to a math question 2) Pito Pérez was saving the amount of $1,500 at the beginning of each fortnight for 10 years. What is the final amount accumulated at the end of the last fortnight? with an interest rate of 12% per year compounded biweekly

$Expert avatar$

Dexter

4.7

114 Answers

1500\times\frac{\left(1+\frac{12\%}{26}\right)^{}^{26\times10}-1}{\frac{12\%}{26}} \times\left(1+\frac{12\%}{26}\right)=754529.61

Frequently asked questions (FAQs)

Question: How many different types of triangles can be formed by using side lengths less than 10 units?

Question: Find the amplitude, period, phase shift, and vertical shift of the cosine function f(x) = cos(x). Identify the coordinates of the maximum and minimum points on its graph.

Question: Determine the x-value(s) where the reciprocal/rational function f(x) = 1/x has a vertical asymptote.

New questions in Mathematics

Calculate to represent the function whose graph is a line that passes through the points (1,2) and (−3,4). What is your slope?

Find 2 numbers that the sum of 1/3 of the first plus 1/5 of the second will be equal to 13 and that if you multiply the first by 5 and the second by 7 you get 247 as the sum of the two products with replacement solution

Hey👋🏻 Tap "Create New Task" to send your math problem. One of our experts will start working on it right away!

given cos26=k find cos13

10! - 8! =

What payment 7 months from now would be equivalent in value to a $3,300 payment due 23 months from now? The value of money is 2.7% simple interest. Round your answer to 2 decimal places. Show all work and how you arrive at the answer..

The mean temperature for july in H-town 73 degrees fahrenheit. Assuming that the distribution of temperature is normal what would the standart deviation have to be if 5% of the days in july have a temperature of at least 87 degrees?

Determine the momentum of a 20 kg body traveling at 20 m/s.

3(2•1+3)4

2/3+5/6×1/2