anonymous
  • anonymous
$100 is deposited at the end of every week for five years in an account that pays 14%/a, compounded weekly. (8) What type of annuity is this? Find the future value of the annuity using the formula. Find the future value of the annuity using a spreadsheet. In your answer include the formulas that you typed. Find the furture value of the annuity using the TVM solver on a graphing calculator or on a website. In your answer, include what values you typed for each parameter.
Mathematics
  • Stacey Warren - Expert brainly.com
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jamiebookeater
  • jamiebookeater
I got my questions answered at brainly.com in under 10 minutes. Go to brainly.com now for free help!
anonymous
  • anonymous
I only require the second question which is finding the value of annuity using the "formula " which I don't know. Thanks all for your time
geekfromthefutur
  • geekfromthefutur
Hi, How are ya just a quick reminder, we cant give direct answers but we do help and we will get the answer together. Its in the http://openstudy.com/code-of-conduct that we cant give direct. But if your willing to we can work on this together
anonymous
  • anonymous
Thanks so much

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anonymous
  • anonymous
I really appreciate this:)
geekfromthefutur
  • geekfromthefutur
Yup and heres somthing that will really help u
anonymous
  • anonymous
The standard formula A=P(1+r/n)^nt doesn't seem to work...
geekfromthefutur
  • geekfromthefutur
You know what the formula is right? I can put some exaples on here
anonymous
  • anonymous
The issue is that the person is depositing $100 weekly and hence interest would be incremental... but I can't yet figure out the formula which also accounts for the gradual increase of deposit..
geekfromthefutur
  • geekfromthefutur
Ok,
anonymous
  • anonymous
For example if I knew that the principal amount, P was a defined value, then this will be a different story, but the question says a deposit of $10 is made weekly and this creates a problem.
geekfromthefutur
  • geekfromthefutur
Oh ok yea i get it let me think about this one ik what it is im trying to solve your question too
anonymous
  • anonymous
Thanks man.
geekfromthefutur
  • geekfromthefutur
Yupp
geekfromthefutur
  • geekfromthefutur
1 Attachment
geekfromthefutur
  • geekfromthefutur
Ok so $100 is deposited at the end of every week for five years in an account that pays 14%/a, compounded weekly. (8)
anonymous
  • anonymous
Right
geekfromthefutur
  • geekfromthefutur
Now look at the thing i put
geekfromthefutur
  • geekfromthefutur
the picture
anonymous
  • anonymous
It's a formula that works for the questino
anonymous
  • anonymous
Now a matter of subbing in the values
anonymous
  • anonymous
the per period and number of periods=since 7 days in a week for five years, I calculate how many weeks are in a year and then...
geekfromthefutur
  • geekfromthefutur
Ok there are
anonymous
  • anonymous
51.14/y
geekfromthefutur
  • geekfromthefutur
now ur teaching me xD
anonymous
  • anonymous
51.14*5=255.7 weeks total in five years
anonymous
  • anonymous
lol
geekfromthefutur
  • geekfromthefutur
Ok perfect now which one does that cover do you know ( ik im just askin) does it go with P, R or N
anonymous
  • anonymous
P=periodic payment=equivalent to $100 deposit weekly
geekfromthefutur
  • geekfromthefutur
Awesome now we match the R and the N
geekfromthefutur
  • geekfromthefutur
the rate and the number of peiods
geekfromthefutur
  • geekfromthefutur
Now what do you think the rate is? is it 14%?
anonymous
  • anonymous
rate per period=annual rate is 14% therefore I shall divide that by the number of weeks present in a year?
anonymous
  • anonymous
Or in five years?
anonymous
  • anonymous
Actually it's in a year I think
geekfromthefutur
  • geekfromthefutur
Yea its a year
geekfromthefutur
  • geekfromthefutur
Now we solve the N number of peiods and it is?
geekfromthefutur
  • geekfromthefutur
im going to draw this all out btw when we have connected the dots
anonymous
  • anonymous
Thanks
geekfromthefutur
  • geekfromthefutur
Yup
anonymous
  • anonymous
by the way the value for N is the number of periods so 52.14 woudl be 52? Do I round it off or...
geekfromthefutur
  • geekfromthefutur
Correct
anonymous
  • anonymous
Then I have the formula filled with 100((1+0.003)^52-1)/52
anonymous
  • anonymous
Then I guess I multiply that by 5 to get the final answer?
geekfromthefutur
  • geekfromthefutur
U GOT IT!!!!!!!!!!!!!!!!!!!!!!!
anonymous
  • anonymous
Awesome!
geekfromthefutur
  • geekfromthefutur
Can u calculate that or u want me to lol
anonymous
  • anonymous
I got 109.0
geekfromthefutur
  • geekfromthefutur
Good job Robert
anonymous
  • anonymous
ok then so I multiply that by 5 to get the final answer it looks
anonymous
  • anonymous
Therefore total compounded interest of $545 is produced?
anonymous
  • anonymous
apart from the deposit profit of $545 is made for the investor.
geekfromthefutur
  • geekfromthefutur
Yes sure and i want that money in 1 dollor bills
anonymous
  • anonymous
Sounds about right:)
anonymous
  • anonymous
In the states you can actually fake transaction by a dollar bill
geekfromthefutur
  • geekfromthefutur
Lol good job. Thats what openstudy is about helping other instead of direct that way they can do it again but they will know how
anonymous
  • anonymous
Incredible .
geekfromthefutur
  • geekfromthefutur
Yup
anonymous
  • anonymous
How did you get here?
anonymous
  • anonymous
I mean never seen a website like this where people help out for philanthropic reasons
geekfromthefutur
  • geekfromthefutur
So what subject was? banking or wat
geekfromthefutur
  • geekfromthefutur
I joined this place a long time ago like 5 years to be exact
anonymous
  • anonymous
discrete function unit of the Grade 11 mathematics up in Ontario Canada
geekfromthefutur
  • geekfromthefutur
i would have a higher smart score(the 71) but i got banned for a long time for posting school account
geekfromthefutur
  • geekfromthefutur
and not bad subject
anonymous
  • anonymous
you in university or?
geekfromthefutur
  • geekfromthefutur
I am
geekfromthefutur
  • geekfromthefutur
In walden univerty
geekfromthefutur
  • geekfromthefutur
Down in florida
anonymous
  • anonymous
Superbien!
anonymous
  • anonymous
majoring physics or math?
geekfromthefutur
  • geekfromthefutur
Physics
anonymous
  • anonymous
I am gonna major in physics too
geekfromthefutur
  • geekfromthefutur
Sweet ^-^
anonymous
  • anonymous
and become the GOD lol
geekfromthefutur
  • geekfromthefutur
Yea that way we can dominate any math problem
anonymous
  • anonymous
like this one t=t/sqr((1-(c^2/v^2))
anonymous
  • anonymous
can't believe people live without understanding science
anonymous
  • anonymous
dumb parents and teachers teaching kids what to do without knowing anything about how life works, and some of us thinking about stupid things or gettting into bad habit with no science. Like psychology is pseudoscience
geekfromthefutur
  • geekfromthefutur
ikr
anonymous
  • anonymous
yeah sometimes I feel not so justified in any of my decisions including being here without knowing the mathematical train of actions that would most work for the task to be completed. Who knows, if one can quantify a phenomenon then he should be able to quantify thoughts and mental peculiarities people come across... merely an imbalance/ misapplication of numbers and time itself....
geekfromthefutur
  • geekfromthefutur
Ever thought about training to be a speaker lol cuz those words are great and they would go good in like an election
anonymous
  • anonymous
The only concern is my English teacher dismissed those words by saying "incomprehensible" and "superconvoluting"
anonymous
  • anonymous
Shame to overly standardized nature of modern education downsizing the use of English language....eh?
geekfromthefutur
  • geekfromthefutur
Yyea very
anonymous
  • anonymous
I also had this physics teacher who couldn't solve the pulley problem.
geekfromthefutur
  • geekfromthefutur
The one we just did?
anonymous
  • anonymous
It's the one where you use gravitational force counteracting the tension force, on one side, and former supporting the tension force on the other side, and where also the force of friction, static and kinetic energy all play into figuring out the newtons force present on one particular spot on the system.
geekfromthefutur
  • geekfromthefutur
That sounds awesome and a little tricky
anonymous
  • anonymous
Fg-Ft=Ft-Fg
anonymous
  • anonymous
Assuming that the objects are cancelling each other out
anonymous
  • anonymous
fudamentally Ft=Ft
geekfromthefutur
  • geekfromthefutur
Hey quick thing do you see a blue button to the right it says best response?
anonymous
  • anonymous
yeah
geekfromthefutur
  • geekfromthefutur
Click that if you think i helped enough on this question. its on every question you do to reward the person who helped you.
anonymous
  • anonymous
Thanks so much for your time man. Now let us be the harbingers of physics for the future:)
anonymous
  • anonymous
President be a physicist
geekfromthefutur
  • geekfromthefutur
That sounds like a great idea lol
geekfromthefutur
  • geekfromthefutur
and one of us as the president and one of us as a vice president
anonymous
  • anonymous
Lol that'd be incredible. Yeah indeed physics if you think about it is the fundamental for everything eh? PhD physicist should qualify for every other degree
anonymous
  • anonymous
Immortality by the law of conservation of energy is really possible though eh?
geekfromthefutur
  • geekfromthefutur
Yea tru. Now i dont know what time it is at your place but its 4 o'clock here and im going to get some shut eye. And i imagine scientist are working still on immortality and time travel lol
anonymous
  • anonymous
Yeah you bet. Same here in Canada I better sleep in tomorrow man. Thanks for your time and if I make up a mathematical theory I shall consult you:)
geekfromthefutur
  • geekfromthefutur
Awesome man ^_^ and if i ever make nano gravity bots ill give you some. Because that's what we have been discussing in class lately was making gravity in a bot
anonymous
  • anonymous
universal law of the gravitational force
geekfromthefutur
  • geekfromthefutur
Yupp and not really making gravity just air but quiet and can float. because in the future i want to make hover cars
geekfromthefutur
  • geekfromthefutur
using a pull kind of force like a magnet put negitive and ostive the connect = par but when you rive you use negitive and negitive you get pulled away and some how but still keep it near the ground and control it
anonymous
  • anonymous
postulates that every object with a mass has a gravitational pull around it.. just that most are miniscule enough not to affect the dimension we live in aside from the earth's gravitational pull. Well anyway we should go to sleep now hehe
geekfromthefutur
  • geekfromthefutur
Lol yea later robert
anonymous
  • anonymous
magnets with the same pole repel so if you can somehow induce magnetic means of repulsion whose force exceeds or equals the force of gravity acting on the object of given mass
anonymous
  • anonymous
you would need an extremely strong magnet to do that though
geekfromthefutur
  • geekfromthefutur
Yea thats what ive been thinking of
anonymous
  • anonymous
Oh induced magnet instead of high way
geekfromthefutur
  • geekfromthefutur
Bbut magnets are man made things
geekfromthefutur
  • geekfromthefutur
so we just have to find some one or make our own
anonymous
  • anonymous
Hence the installation of magnets on public high ways would virtually permit the cars to fly for a limited mobility
geekfromthefutur
  • geekfromthefutur
Tru
geekfromthefutur
  • geekfromthefutur
I just have a lot of ideas on futur inventions
geekfromthefutur
  • geekfromthefutur
Anyways tho later and night Robery
anonymous
  • anonymous
if induced magnets then electricity will be the primary source instead of the fuel
geekfromthefutur
  • geekfromthefutur
Yea and it would be 100% eco friendly
geekfromthefutur
  • geekfromthefutur
Well sorta
anonymous
  • anonymous
brake would be induced magnetic field. ...and cars be equipped with standardized pole which then avoids accidents to certain velocity
geekfromthefutur
  • geekfromthefutur
And it would defintly cut down the accidents and deaths of them and what if we make the cars magnet and if they get near they will get pushed thats why we would creat a one lane thing you know what im saying?
anonymous
  • anonymous
Doesn't have to be applied from the driver. Sensors can disable a car by compromising the vehicle should the law enforcement summon that utility.
anonymous
  • anonymous
No more car chasing though. LEss interesting traffic life for thugs
geekfromthefutur
  • geekfromthefutur
Tru what if we created an off switch
anonymous
  • anonymous
Well anyway I think we should talk another time cuz it's getting late here .Human needs sleep until we figure out the physics behind our brain's mechanism... which to our sorrow we have not;...
geekfromthefutur
  • geekfromthefutur
Yea lol later bro
anonymous
  • anonymous
Yeah man see you in physics meeting a couple of years from now on seriously:)
anonymous
  • anonymous
good night bro
geekfromthefutur
  • geekfromthefutur
Yea it would be fun.
geekfromthefutur
  • geekfromthefutur
bye

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