Suppose that $1,000 is deposited into an account that yields 0.85% interest, compounded annually. How much money

Question:

Suppose that $1,000 is deposited into an account that yields 0.85% interest, compounded annually. How much money will be in that account at the end of 4 years?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Financial Algebra Advanced Algebra With Financial Applications

ISBN: 9781337271790

2nd Edition

Authors: Robert Gerver, Richard J. Sgroi

See More Books

Question Posted: Sep 12, 2022 03:20 AM

See More Questions

How much money will you need to start your business? Where will the money come from to start your business? What are some important things to consider when getting a loan? Use an online calculator...
How much must be deposited at the end of each quarter for 10 years to accumulate to $12000 at 6% compounded monthly?
How much must be deposited at the end of each quarter for nine years to accumulate to $11 000 if interest is 4% compounded quarterly?
A portfolio manager estimates that the volatility of her daily portfolio returns is 1.2%. She also expects this portfolio to bring a return of 6% per year. Assume that there are 252 trading days in a...
Find the value of all put options in the tree by repeated application of risk-neutral valuation.
Draw all the structural isomers for amines having the molecular formula C 3 H 9 N.
7. Inflation data of a foreign country for three years are as follows: Index Change in Index Annual Rate of Inflation January 1, 2015 150 January 1, 2016 200 50 50 , 150 = 33% January 1, 2017 250 50...
Wilburton Riding Stables provides stables, care for animals, and grounds for riding and showing horses. The account balances at the beginning of 2009 were: Cash ....................$ 2,200 Accounts...
Find the EAR in each of the following cases: (Use 365 days a year. Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.)
The probability that Jack passes calculus II given that he passes Calculus I is 0.8. The probability that Jack passes Calculus Ii given that he fails Calculus I is 0.3. Likewise, the probability that...
How might those words apply to what has been outlined in this section? What play on words do you notice in Greenspans quote? Anything that we can do to raise personal savings is very much in the...
How might the quote apply to what has been outlined in this section? There have been three great inventions since the beginning of time: fire, the wheel, and central banking.
Describe how the Stimulus-Organism-Response (SOR) model and the valence and intensity model of affect explain consumer responses to a service environment.
A 447 gram cart (mA) slides along a very smooth track and collides with a stationary 475 gram cart (mB). A motion detector records the velocity of cart A, as shown in Figures 1 and 2. A force probe...
M8 Homework i Saved 1 Mayfair Company completed the following transactions and uses a perpetual inventory system. Help Save & Exit Submit Check my work 10 points eBook Print References June 4 Sold...
Free Response Table Problem x -6 -80 -4 -3 f(x) 1.948 1 0 -2 -2.005 -798 undefined -2 -1.995 0 1 1.995 2 2.005 6 80 802 4 3.333 3.001 undefined 2.998 2.5 2.048 23. The table above represents values...
5. [-/0 Points] DETAILS OSPRECALC1 2.2.106. Use algebra to find the point at which the line f(x) = -x 258 -X+ intersects the line h(x) = x+ 91 + 25 10 (x, y) = Additional Materiale MY N
What does the graph tells? from your own understanding. CoursHeroTranscribedText 136 DIVIDED ATTENTION COUNTED TIME BACKWARDS 134 1 2 3 130 136 UNDIVIDED ATTENTION COUNTED TIME BACKWARDS 134 5 132...
Sketch a graph of a function that is continuous on (-, ) and has the following properties. Use a sign graph to summarize information about the function. f'(-1) is undefined; f'(x) > 0 on (-, -1);...
Nike manufactures shoes and sportswear. How has the Internet changed the way this company communicates with its suppliers and retail customers?
Abe makes $18.50 per hour. He works 37 hours a week. He pays 23% of his gross earnings in federal and state taxes and saves 5% of his monthly gross income. He is considering renting an apartment that...
Rachel is considering moving into a one-bedroom apartment in Glen Gardens. The apartment has a monthly rent of $1,300. Here are the fees that she has been quoted. How much is she expected to pay up...
Milena has a gross biweekly income of $2,200. She pays 18% in federal and state taxes, puts aside 10% of her income to pay off her school loan, and puts 5% of her income aside for savings. She is...
Your company BMG Inc. has to liquidate some equipment that is being replaced. The originally cost of the equipment is $120,000. The firm has deprecated 65% of the original cost. The salvage value of...
1. What are the steps that the company has to do in time of merger transaction? And What are the obstacle that may lead to merger failure? 2.What are the Exceptions to not to consolidate the...
Problem 12-22 Net Present Value Analysis [LO12-2] The Sweetwater Candy Company would like to buy a new machine that would automatically "dip" chocolates. The dipping operation currently is done...

Suppose that $1,000 is deposited into an account that yields 0.85% interest, compounded annually. How much money

Question:

Step by Step Answer:

Answer 103444 dollars Work Shown A P1rnnt A 1000100085114 A 103443596172007 A 103444 Not...View the full answer

Financial Algebra Advanced Algebra With Financial Applications

Students also viewed these Mathematics questions