Jessica deposits $5,000 at the end of each year in an account earning 2.45% interest, compounded annually. what is the future value of this annuity after 5 years of investing?

do i need to use the ordinary annuity formula or the annuity due formula to solve this?

the answer is 3/5

step-by-step explanation:

first divide 24 divided by 8 because that is the least common multiple

then divide 40 by 8

then you will get 3/5.

y = 2x

step-by-step explanation:

if you divide each number in the sequence, you'll see that they all have a multiple factor of 2. each number in the series, and any other numbers which may continue, will be multiplied by 2. therefore, y is the next number in the sequence, and x is the current one, so, our formula will be y = 2x.