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anonymous

  • one year ago

$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.

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  1. anonymous
    • one year ago
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    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

  2. geekfromthefutur
    • one year ago
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    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

  3. anonymous
    • one year ago
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    Thanks so much

  4. anonymous
    • one year ago
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    I really appreciate this:)

  5. geekfromthefutur
    • one year ago
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    Yup and heres somthing that will really help u

  6. anonymous
    • one year ago
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    The standard formula A=P(1+r/n)^nt doesn't seem to work...

  7. geekfromthefutur
    • one year ago
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    You know what the formula is right? I can put some exaples on here

  8. anonymous
    • one year ago
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    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..

  9. geekfromthefutur
    • one year ago
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    Ok,

  10. anonymous
    • one year ago
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    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.

  11. geekfromthefutur
    • one year ago
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    Oh ok yea i get it let me think about this one ik what it is im trying to solve your question too

  12. anonymous
    • one year ago
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    Thanks man.

  13. geekfromthefutur
    • one year ago
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    Yupp

  14. geekfromthefutur
    • one year ago
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  15. geekfromthefutur
    • one year ago
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    Ok so $100 is deposited at the end of every week for five years in an account that pays 14%/a, compounded weekly. (8)

  16. anonymous
    • one year ago
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    Right

  17. geekfromthefutur
    • one year ago
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    Now look at the thing i put

  18. geekfromthefutur
    • one year ago
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    the picture

  19. anonymous
    • one year ago
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    It's a formula that works for the questino

  20. anonymous
    • one year ago
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    Now a matter of subbing in the values

  21. anonymous
    • one year ago
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    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...

  22. geekfromthefutur
    • one year ago
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    Ok there are

  23. anonymous
    • one year ago
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    51.14/y

  24. geekfromthefutur
    • one year ago
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    now ur teaching me xD

  25. anonymous
    • one year ago
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    51.14*5=255.7 weeks total in five years

  26. anonymous
    • one year ago
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    lol

  27. geekfromthefutur
    • one year ago
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    Ok perfect now which one does that cover do you know ( ik im just askin) does it go with P, R or N

  28. anonymous
    • one year ago
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    P=periodic payment=equivalent to $100 deposit weekly

  29. geekfromthefutur
    • one year ago
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    Awesome now we match the R and the N

  30. geekfromthefutur
    • one year ago
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    the rate and the number of peiods

  31. geekfromthefutur
    • one year ago
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    Now what do you think the rate is? is it 14%?

  32. anonymous
    • one year ago
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    rate per period=annual rate is 14% therefore I shall divide that by the number of weeks present in a year?

  33. anonymous
    • one year ago
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    Or in five years?

  34. anonymous
    • one year ago
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    Actually it's in a year I think

  35. geekfromthefutur
    • one year ago
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    Yea its a year

  36. geekfromthefutur
    • one year ago
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    Now we solve the N number of peiods and it is?

  37. geekfromthefutur
    • one year ago
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    im going to draw this all out btw when we have connected the dots

  38. anonymous
    • one year ago
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    Thanks

  39. geekfromthefutur
    • one year ago
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    Yup

  40. anonymous
    • one year ago
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    by the way the value for N is the number of periods so 52.14 woudl be 52? Do I round it off or...

  41. geekfromthefutur
    • one year ago
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    Correct

  42. anonymous
    • one year ago
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    Then I have the formula filled with 100((1+0.003)^52-1)/52

  43. anonymous
    • one year ago
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    Then I guess I multiply that by 5 to get the final answer?

  44. geekfromthefutur
    • one year ago
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    U GOT IT!!!!!!!!!!!!!!!!!!!!!!!

  45. anonymous
    • one year ago
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    Awesome!

  46. geekfromthefutur
    • one year ago
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    Can u calculate that or u want me to lol

  47. anonymous
    • one year ago
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    I got 109.0

  48. geekfromthefutur
    • one year ago
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    Good job Robert

  49. anonymous
    • one year ago
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    ok then so I multiply that by 5 to get the final answer it looks

  50. anonymous
    • one year ago
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    Therefore total compounded interest of $545 is produced?

  51. anonymous
    • one year ago
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    apart from the deposit profit of $545 is made for the investor.

  52. geekfromthefutur
    • one year ago
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    Yes sure and i want that money in 1 dollor bills

  53. anonymous
    • one year ago
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    Sounds about right:)

  54. anonymous
    • one year ago
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    In the states you can actually fake transaction by a dollar bill

  55. geekfromthefutur
    • one year ago
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    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

  56. anonymous
    • one year ago
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    Incredible .

  57. geekfromthefutur
    • one year ago
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    Yup

  58. anonymous
    • one year ago
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    How did you get here?

  59. anonymous
    • one year ago
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    I mean never seen a website like this where people help out for philanthropic reasons

  60. geekfromthefutur
    • one year ago
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    So what subject was? banking or wat

  61. geekfromthefutur
    • one year ago
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    I joined this place a long time ago like 5 years to be exact

  62. anonymous
    • one year ago
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    discrete function unit of the Grade 11 mathematics up in Ontario Canada

  63. geekfromthefutur
    • one year ago
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    i would have a higher smart score(the 71) but i got banned for a long time for posting school account

  64. geekfromthefutur
    • one year ago
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    and not bad subject

  65. anonymous
    • one year ago
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    you in university or?

  66. geekfromthefutur
    • one year ago
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    I am

  67. geekfromthefutur
    • one year ago
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    In walden univerty

  68. geekfromthefutur
    • one year ago
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    Down in florida

  69. anonymous
    • one year ago
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    Superbien!

  70. anonymous
    • one year ago
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    majoring physics or math?

  71. geekfromthefutur
    • one year ago
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    Physics

  72. anonymous
    • one year ago
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    I am gonna major in physics too

  73. geekfromthefutur
    • one year ago
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    Sweet ^-^

  74. anonymous
    • one year ago
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    and become the GOD lol

  75. geekfromthefutur
    • one year ago
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    Yea that way we can dominate any math problem

  76. anonymous
    • one year ago
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    like this one t=t/sqr((1-(c^2/v^2))

  77. anonymous
    • one year ago
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    can't believe people live without understanding science

  78. anonymous
    • one year ago
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    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

  79. geekfromthefutur
    • one year ago
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    ikr

  80. anonymous
    • one year ago
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    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....

  81. geekfromthefutur
    • one year ago
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    Ever thought about training to be a speaker lol cuz those words are great and they would go good in like an election

  82. anonymous
    • one year ago
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    The only concern is my English teacher dismissed those words by saying "incomprehensible" and "superconvoluting"

  83. anonymous
    • one year ago
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    Shame to overly standardized nature of modern education downsizing the use of English language....eh?

  84. geekfromthefutur
    • one year ago
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    Yyea very

  85. anonymous
    • one year ago
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    I also had this physics teacher who couldn't solve the pulley problem.

  86. geekfromthefutur
    • one year ago
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    The one we just did?

  87. anonymous
    • one year ago
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    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.

  88. geekfromthefutur
    • one year ago
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    That sounds awesome and a little tricky

  89. anonymous
    • one year ago
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    Fg-Ft=Ft-Fg

  90. anonymous
    • one year ago
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    Assuming that the objects are cancelling each other out

  91. anonymous
    • one year ago
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    fudamentally Ft=Ft

  92. geekfromthefutur
    • one year ago
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    Hey quick thing do you see a blue button to the right it says best response?

  93. anonymous
    • one year ago
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    yeah

  94. geekfromthefutur
    • one year ago
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    Click that if you think i helped enough on this question. its on every question you do to reward the person who helped you.

  95. anonymous
    • one year ago
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    Thanks so much for your time man. Now let us be the harbingers of physics for the future:)

  96. anonymous
    • one year ago
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    President be a physicist

  97. geekfromthefutur
    • one year ago
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    That sounds like a great idea lol

  98. geekfromthefutur
    • one year ago
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    and one of us as the president and one of us as a vice president

  99. anonymous
    • one year ago
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    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

  100. anonymous
    • one year ago
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    Immortality by the law of conservation of energy is really possible though eh?

  101. geekfromthefutur
    • one year ago
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    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

  102. anonymous
    • one year ago
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    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:)

  103. geekfromthefutur
    • one year ago
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    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

  104. anonymous
    • one year ago
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    universal law of the gravitational force

  105. geekfromthefutur
    • one year ago
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    Yupp and not really making gravity just air but quiet and can float. because in the future i want to make hover cars

  106. geekfromthefutur
    • one year ago
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    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

  107. anonymous
    • one year ago
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    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

  108. geekfromthefutur
    • one year ago
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    Lol yea later robert

  109. anonymous
    • one year ago
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    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

  110. anonymous
    • one year ago
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    you would need an extremely strong magnet to do that though

  111. geekfromthefutur
    • one year ago
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    Yea thats what ive been thinking of

  112. anonymous
    • one year ago
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    Oh induced magnet instead of high way

  113. geekfromthefutur
    • one year ago
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    Bbut magnets are man made things

  114. geekfromthefutur
    • one year ago
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    so we just have to find some one or make our own

  115. anonymous
    • one year ago
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    Hence the installation of magnets on public high ways would virtually permit the cars to fly for a limited mobility

  116. geekfromthefutur
    • one year ago
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    Tru

  117. geekfromthefutur
    • one year ago
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    I just have a lot of ideas on futur inventions

  118. geekfromthefutur
    • one year ago
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    Anyways tho later and night Robery

  119. anonymous
    • one year ago
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    if induced magnets then electricity will be the primary source instead of the fuel

  120. geekfromthefutur
    • one year ago
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    Yea and it would be 100% eco friendly

  121. geekfromthefutur
    • one year ago
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    Well sorta

  122. anonymous
    • one year ago
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    brake would be induced magnetic field. ...and cars be equipped with standardized pole which then avoids accidents to certain velocity

  123. geekfromthefutur
    • one year ago
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    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?

  124. anonymous
    • one year ago
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    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.

  125. anonymous
    • one year ago
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    No more car chasing though. LEss interesting traffic life for thugs

  126. geekfromthefutur
    • one year ago
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    Tru what if we created an off switch

  127. anonymous
    • one year ago
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    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;...

  128. geekfromthefutur
    • one year ago
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    Yea lol later bro

  129. anonymous
    • one year ago
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    Yeah man see you in physics meeting a couple of years from now on seriously:)

  130. anonymous
    • one year ago
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    good night bro

  131. geekfromthefutur
    • one year ago
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    Yea it would be fun.

  132. geekfromthefutur
    • one year ago
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    bye

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is replying to Can someone tell me what button the professor is hitting...

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