Question

How much money will I have after 10 years in a trust if I dedicate myself to saving UM 1,100.00 monthly and the bank offers 4.5% annual interest compounded monthly?

222

likes
1108 views

Answer to a math question How much money will I have after 10 years in a trust if I dedicate myself to saving UM 1,100.00 monthly and the bank offers 4.5% annual interest compounded monthly?

Expert avatar
Santino
4.5
73 Answers
¡Absolutamente! Aquí hay un cálculo paso a paso de cómo crecerán sus ahorros: **1. Calcule la tasa de interés mensual:** *Dividimos el tipo de interés anual entre 12: 4,5% / 12 = 0,375% **2. Convierta la tasa de interés mensual a decimal:** *Dividir el porcentaje entre 100: 0,375% / 100 = 0,00375 **3. Calcular el número total de meses:** * Multiplica el número de años por 12: 10 años * 12 meses/año = 120 meses **4. Utilice el valor futuro de una fórmula de anualidad ordinaria:** ``` FV = P * [(1 + r)^n - 1] / r ``` Dónde: * FV = Valor Futuro (monto total después de 10 años) * P = Pago mensual (UM 1.100,00) * r = Tasa de interés mensual (0,00375) * n = Número de meses (120) **5. Introduzca los valores y calcule:** ``` VF = 1100 * [(1 + 0,00375)^120 - 1] / 0,00375 VF = 1100 * [1,565681 - 1] / 0,00375 VF = 1100 * 0,565681 / 0,00375 VF = 166941,57 ``` **Por lo tanto, después de 10 años de ahorrar UM 1,100.00 mensuales con una tasa de interés anual de 4.5% capitalizable mensualmente, tendrás aproximadamente UM 166,941.57 en tu fideicomiso.**

Frequently asked questions (FAQs)
Find the log base 2 of (x+4), shift the graph 3 units to the right, stretch it vertically by a factor of 2, then set f(2)=y. Evaluate f(2) and round the answer to 3 decimal places.
+
Question: In a circle, if angle AOB measures 70 degrees, what is the measure of angle ACB?
+
What is the value of x in the equation 2(x + 3) - 5(2x - 1) = 12?
+
New questions in Mathematics
1 + 1
Let 𝑢 = 𝑓(𝑥, 𝑦) = (𝑒^𝑥)𝑠𝑒𝑛(3𝑦). Check if 9((𝜕^2) u / 𝜕(𝑥^2)) +((𝜕^2) 𝑢 / 𝜕(𝑦^2)) = 0
To calculate the probability that a player will receive the special card at least 2 times in 8 games, you can use the binomial distribution. The probability of receiving the special card in a single game is 1/4 (or 25%), and the probability of not receiving it is 3/4 (or 75%).
-11+29-18
How many kilometers does a person travel in 45 minutes if they move at a rate of 8.3 m/s?
(5-(4-3)*3)-(8+5))
What’s 20% of 125?
An electrical company manufactures batteries that have a duration that is distributed approximately normally, with a mean of 700 hours and a standard deviation of 40 hours. Find the probability that a randomly selected battery has an average life of less than 810 hours.
Answer the following questions regarding the expression below. 0.1 (a) Write the number as a fraction.
prove that if n odd integer then n^2+5 is even
How many anagrams of the word STROMEC there that do not contain STROM, MOST, MOC or CEST as a subword? By subword is meant anything that is created by omitting some letters - for example, the word EMROSCT contains both MOC and MOST as subwords.
v Is the following statement a biconditional? If Shannon is watching a Tigers game, then it is on television.
The points (-5,-4) and (3,6) are the ends of the diameter of the circle calculate subequation
30y - y . y = 144
(X+2)(x+3)=4x+18
the product of a 2-digit number and a 3-digit number is about 50000, what are these numbers
a coffee shop has 9 types of creamer and 11 types of sweetener. In how any ways can a person make their coffee?
9n + 7(-8 + 4k) use k=2 and n=3
It costs a manufacturer $2,500 to purchase the tools to manufacture a certain homemade item. If the cost for materials and labor is 60¢ per item produced, and if the manufacturer can sell each item for 90¢, find how many items must he produce and sell to make a profit of $2000?
In an experiment to assess the effect of listening to audiobooks while driving, participants were asked to drive down a straight road in a driving simulator. The accompanying data on time (in milliseconds) to react when a pedestrian walked into the street for 10 drivers listening to an audiobook are consistent with summary statistics and graphs that appeared in the paper "Good Distractions: Testing the Effect of Listening to an Audiobook on Driving Performance in Simple and Complex Road Environments."† (Round your answers to four decimal places.) 1,018 1,007 1,054 988 937 1,030 1,065 1,011 860 1,106 A button hyperlink to the SALT program that reads: Use SALT. Calculate the variance for this data set. 7437.7333 Incorrect: Your answer is incorrect. Calculate the standard deviation for this data set. 86.2022 Incorrect: Your answer is incorrect.