Suppose that $2,500 is invested at 7% compounded quarterly. How much money will be in the account
Question:
Suppose that $2,500 is invested at 7% compounded quarterly. How much money will be in the account in
Compute answers to the nearest cent.
Transcribed Image Text:
(A) 3 year? (B) 15 years?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 50% (2 reviews)
The amount of money in the account after 34 years is 263356 Here is ...View the full answer
Answered By
Aysha Ali
my name is ayesha ali. i have done my matriculation in science topics with a+ . then i got admission in the field of computer science and technology in punjab college, lahore. i have passed my final examination of college with a+ also. after that, i got admission in the biggest university of pakistan which is university of the punjab. i am studying business and information technology in my university. i always stand first in my class. i am very brilliant client. my experts always appreciate my work. my projects are very popular in my university because i always complete my work with extreme devotion. i have a great knowledge about all major science topics. science topics always remain my favorite topics. i am also a home expert. i teach many clients at my home ranging from pre-school level to university level. my clients always show excellent result. i am expert in writing essays, reports, speeches, researches and all type of projects. i also have a vast knowledge about business, marketing, cost accounting and finance. i am also expert in making presentations on powerpoint and microsoft word. if you need any sort of help in any topic, please dont hesitate to consult with me. i will provide you the best work at a very reasonable price. i am quality oriented and i have 5 year experience in the following field.
matriculation in science topics; inter in computer science; bachelors in business and information technology
_embed src=http://www.clocklink.com/clocks/0018-orange.swf?timezone=usa_albany& width=200 height=200 wmode=transparent type=application/x-shockwave-flash_
4.40+
11+ Reviews
14+ Question Solved
Related Book For
College Mathematics For Business Economics Life Sciences And Social Sciences
ISBN: 9780321945518
13th Edition
Authors: Raymond Barnett, Michael Ziegler, Karl Byleen
Question Posted:
Students also viewed these Mathematics questions
-
Explain Austin and Seitanidi's concept of collaboration and its relevance to nonprofit performance and social impact. Is their framework useful for evaluating options for nonprofit-to-nonprofit...
-
Suppose that $4,000 is invested at 6% compounded weekly. How much money will be in the account in (A) 1/2year? (B) 10 years? Compute answers to the nearest cent. In Problem involving days, a 365-day...
-
process 1 2 3 use Maxi-Min programming to formulate problem (25 pts) A factory manufacturer produces a specialized product. Each unit of the product consists of three units of component C1 and two...
-
Use hand calculations to fit the multiple linear regression model 1 y = β0 + β1x1 + β2x2 to the data set in DS 13.6.2. (a) Write down the vector of observed values...
-
Below are selected T-accounts for the RunnerTech Company. Below are selected T-accounts for the RunnerTech Company. Required: Complete the following journal entries and answer the following...
-
Why is Sec. 1244, which pertains to small business corporation stock, in the tax code? What advantages and disadvantages are afforded to owners of Sec. 1244 stock?
-
Determining Whether a Loan Is Needed. Survey friends and relatives to find out what criteria they used to determine the need for credit.
-
Ken, a salaried employee, was terminated from his company in April of this year. Business had been slow since the beginning of the year, and each of the operating plants had laid off workers. Ken's...
-
A customer hired a contractor to construct a storage facility next to the customers home. The contract includes promises to provide the materials for the facility, to lay the foundation, construct...
-
Find x in Problems 4350. log10(x + 6) log10 (x 3) = 1
-
Find x in Problems 4350. log, (x + 2) + logh x = logb 24
-
Look back at Figure 2, which shows the inverse relationship between ticket prices and game attendance at Gigantic State University . (a) Interpret the meaning of both the slope and the intercept. (b)...
-
Vaporization of mixtures of hexane and octane. Using the T-x-y diagram (Figure 1) on the next page, determine the temperature, amounts, and compositions of the vapor and liquid phases at 1 atm for...
-
what should p&g do to replace lafley when he retires a second time? what actions should they take to prepare for the succession?
-
What do these terms mean? What would be the currencies (one at a time) from two total UN Member States (other than the EURO, USD, JPY, GBP, or CHF). What would be the foreign currencies and how they...
-
How do social identity processes, such as categorization, identification, and comparison, influence team cohesion and performance within complex organizational environments ?
-
How do calculate sales forecast and expense forecast for several years
-
The total factory overhead for Diva-nation is budgeted for the year at $180,000, divided into two departments: Cutting, $60,000, and Sewing, $120,000. Diva-nation manufactures two types of men's...
-
You are standing on the top of a building and throw a ball vertically upward. After 2 seconds, the ball passes you on the way down, and 2 seconds after that, it hits the ground below. a. What is the...
-
In Problem solve each equation for x. (4x + 1) 4 = (5x - 10) 4
-
In Problem solve each equation for x. (4x + 1) 4 = (5x - 10) 4
-
In Problem discuss the validity of each statement. If the statement is always true, explain why. If not, give a counterexample. Every polynomial function is one-to-one.
-
An underlying asset price is at 100, its annual volatility is 25% and the risk free interest rate is 5%. A European call option has a strike of 85 and a maturity of 40 days. Its BlackScholes price is...
-
Prescott Football Manufacturing had the following operating results for 2 0 1 9 : sales = $ 3 0 , 8 2 4 ; cost of goods sold = $ 2 1 , 9 7 4 ; depreciation expense = $ 3 , 6 0 3 ; interest expense =...
-
On January 1, 2018, Brooks Corporation exchanged $1,259,000 fair-value consideration for all of the outstanding voting stock of Chandler, Inc. At the acquisition date, Chandler had a book value equal...
Study smarter with the SolutionInn App