alisakoto alisakoto

17-01-2019
Mathematics

contestada

A principal of 5350 is placed in an account that earns 3.5% interest. If the interest is compounded annually, how much money will be in the account at the end of 4 years

Respuesta :

17-01-2019

5350 x 3.5% = 187.25

187.25 is compounded per year

187.25 x 4 = 749.00 is the interest after 4 years

749.00 + 5,350 = 6,099

6,099 will be in the account at the end of 4 years.

Answer Link

Otras preguntas

Percent of Sales Method At the end of the current year, Accounts Receivable has a balance of $430,000; Allowance for Doubtful Accounts has a credit balance of $

What are the x-intercepts of the graph of the function f(x) = x2 + 4x – 12? (–6, 0), (2,0) (–2, –16), (0, –12) (–6, 0), (–2, –16), (2, 0) (0, –12), (–6, 0), (2,

Read the dialogue from Act I, scene v of Romeo and Juliet. Capulet: Why, how now, kinsman! wherefore storm you so? Tybalt: Uncle, this is a Montague, our foe;

Amazon Services, Inc. invests its excess cash in Nile Technologies, Inc. and acquires 6,000 shares for $62.00 per share. Amazon Services, Inc. owns less than 2%

im wanted to know the age of his math teacher, Ms. Greenberg. The teacher said that if he added 28 to her age and then doubled it, the total would be 120. How o

A fire truck drives 3 miles to the east, then 1.2 miles to the west. What is the displacement of the fire truck? A. 4.2 miles east B. 4.2 miles west C. 4.2 mile

13. The numerator of a rational number is 3 less than the denominator. If the denominator isincreased by 5 and and the numerator by 2,we get the rational number

Helppp!!!! please!!!

In the past mining companies were not made responsible for the clean-up of any of the mine sites. As a result, abandoned mines had a severe impact on the enviro

The demand for Carolina Industries’ product varies greatly from month to month. Based on the past two years of data, the following probability distribution show