Carlson Photography receives royalties based on the use of their photographs with a major client. Every year,
Question:
Carlson Photography receives royalties based on the use of their photographs with a major client. Every year, the client makes deposits in Carlson’s bank account that earns 6 percent compounded annually. The client increases the amount they deposit into the Carlson account by 4 percent per year. If the client initially gives Carlson $15,000, how much will the account have in 5 years?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
To solve this problem we will use the formula for compoun...View the full answer
Answered By
Rustia Melrod
I am a retired teacher with 6 years of experience teaching various science subjects to high school students and undergraduate students. This background enables me to be able to help tutor students who are struggling with the science of business component of their education. Teaching difficult subjects has definitely taught me patience. There is no greater joy for me than to patiently guide a student to the correct answer. When a student has that "aha!" moment, all my efforts are worth it.
The Common Core standards are a useful yardstick for measuring how well students are doing. My students consistently met or exceeded the Common Core standards for science. I believe in working with each student's individual learning styles to help them understand the material. If students were struggling with a concept, I would figure out a different way to teach or apply that concept. I was voted Teacher of the Year six times in my career. I also won an award for Innovative Teaching Style at the 2011 National Teaching Conference.
4+ Reviews
10+ Question Solved
Related Book For 
Principles Of Engineering Economic Analysis
ISBN: 9781118163832
6th Edition
Authors: John A. White, Kenneth E. Case, David B. Pratt
Question Posted:
