Find an expression for the amount of money after five years when the initial amount is $80
Question:
Find an expression for the amount of money after five years when the initial amount is $80 and the annual interest rate is as given.
100% compounded daily
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 71% (7 reviews)
The formula to calculate the amount of money after n years with ...View the full answer
Answered By
Ernie Moises Evora
I have worked as a teacher, a tutor and instructor.
I have also worked as a community leader in my community.
0.00
0 Reviews
10+ Question Solved
Related Book For
Finite Mathematics And Its Applications
ISBN: 9780137616619
13th Edition
Authors: Larry J. Goldstein, David I. Schneider, Martha J. Siegel , Jill Simmons
Question Posted:
Students also viewed these Mathematics questions
-
Find an expression for the amount of money after five years when the initial amount is $80 and the annual interest rate is as given. 12% compounded semiannually
-
Find an expression for the amount of money after five years when the initial amount is $80 and the annual interest rate is as given. 4% simple interest
-
Find an expression for the amount of money after five years when the initial amount is $80 and the annual interest rate is as given. 9% compounded monthly
-
Read the following statements. In response, state True, False or Uncertain and explain why: (a) Since resources have substitutes, nature imposes particular scarcities, not an inescapable general...
-
Karen Furber, a photographer, opened Gratitude in Photography on January 1, 2015. Selected transactions from the first month are below: a. Transferred cash into the business, $20,000. b. Purchased...
-
What is quantitative easing? Why was it used by the Fed? Was it a success?
-
Raynards Jewellery had the following data (in thousands) for a given period. Assume there are no inventories. Fill in the blanks. ales Direct materials irect labour actory overhead Manufacturing cost...
-
Thomas Industries has the following patents on its December 31, 2014, balance sheet. The following events occurred during the year ended December 31, 2015. 1. Research and development costs of...
-
Windsor Company purchased machinery on January 1, 2020, for $86,400. The machinery is estimated to have a salvage value of $8,640 after a useful life of 8 years. (a) New attempt is in progress. Some...
-
The bonding strength of an adhesive has been studied as a function of temperature (T) in C and pressure (P) as kg/cm. Data obtained are given. 30 74 Pressure 120 140 Temperature 168 90 30 138 104 90...
-
Explain how both simple interest and compound interest work.
-
Give the difference equation for y n , the amount (or balance) after n interest periods. A bank account into which $20,000 is deposited at 6% interest compounded monthly and $100 is withdrawn at the...
-
Tom is playing poker with his friends. What is the expected number of hands it will take before he gets a full house?
-
Containerization was one of the reasons why globalization accelerated from the 1980's onwards as these container ships made transportation quicker and more efficient as you describe above. Do you...
-
In order to determine if the time spent on Instagram, Facebook, Twitter, or any social media platform is related to the lack of sleep-in college students, a researcher will look at a sample of 10,000...
-
A service-oriented business is struggling to manage its resources efficiently. How can ERP software assist in scheduling, allocating, and tracking resources such as personnel and equipment?
-
Emotional advertising can be usedto elicit an emotional response such as happiness, fear or anger in a consumer, which means the ad has a good chance of being remembered.How does advertising use our...
-
Suppose there is a reduction in consumer income and an increase in the price of jet fuel, an important resource used in air travel. If air travel is a normal good, how will these changes influence...
-
Today is December 31, 2001. The following information applies to Vermeil Airlines: After-tax, operating income [EBIT (1 - T)] for 2002 is expected to be $500 million. The company's depreciation...
-
Several months have passed and the Managing Partner approved and properly filed the Complaint and properly submitted the Request for Production of Documents that you drafted. In fact, it has been 75...
-
Of the 193 member countries of the United Nations, 54 are in the African Group and 23 are in the Eastern European Group. Suppose that a country is selected at random from the members of the United...
-
An experiment consists of selecting a letter at random from the alphabet. Find the probability that the letter selected (a) Precedes G alphabetically. (b) Is a vowel (A, E, I, O, or U). (c) Precedes...
-
An experiment consists of selecting a number at random from the set of numbers {1, 2, 3, 4, 5, 6, 7, 8, 9}. Find the probability that the number selected is (a) Less than 4. (b) Odd. (c) Less than 4...
-
Which of the following groups should be the focal point of a company's strategy? MulABC Inc. produces a single product, In doing so, the company incurs overhead costs as follows: Indirect Factory...
-
When capturing and documenting system audit requirements for an IT project, the teams is focused on capturing the following
-
Gabriela is a claims adjuster who is conducting a phone interview with a claimant. She has asked a question to openly address an issue and clarify one of the claimant's statements. Gabriella has...
Study smarter with the SolutionInn App