Helpafellowstudent Helpafellowstudent

12-07-2017
Mathematics

contestada

Find the balance in a $900 interest account after 10 years if the interest rate is 4.62%, compounded annually.

$1,413.81

$941.58

$415.80

$4,158.00

Respuesta :

Aliwohaish12 Aliwohaish12

12-07-2017

The formula is
A=p (1+r)^t

A future value?
P present value 900
R interest rate 0.0462
T time 10 years

A=900×(1+0.0462)^(10)
A=1,413.81

Answer Link

Otras preguntas

the entropy change of any system and its surroundings, considered together, and resulting from any real process is positive, approaching zero when the process a

two people are trying to push a refrigerator. one person is pushing at an angle that is parallel to the floor and 70° to the front plane of the refrigerator wit

HELP WILL GIVE BRAINLIST How many moles of calcium are present in 199 grams of calcium?

Explain why the value of the sine ratio for an acute angle of a right triangle must always be a positive value less than 1.

, why do people resist change? The name of the story is the space race is over Need help

Which is larger, 3.2 x 104 or 3.2 x 105?

In the following exercise, two sides and an angle are given. First determine whether the information results in no triangle, one triangle, or two triangles. So

1. A survey of 36 students was conducted to find out how many students enjoy playing volleyball, and 17 said they did. If 648 students were surveyed, how many w

find the missing side length

on dec. 7, toys r fun purchased $1,000 of merchandise with terms of 2/10,n/30. if payment is made on december 16, demonstrate the required journal entry for toy