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.

7% simple interest

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

Step by Step Answer:

Related Book For book-img-for-question

Finite Mathematics And Its Applications

ISBN: 9780137616619

13th Edition

Authors: Larry J. Goldstein, David I. Schneider, Martha J. Siegel , Jill Simmons

See More Books

Question Posted: Jan 30, 2023 07:43 AM

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. 100% compounded daily
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
Which of the environmental policy options discussed in this and previous chapters would you recommend if a hypothetical society were facing the following environmental problems? In each case, briefly...
The transactions completed by Music Depot during November 2015 were described at the end of Chapter 1. The following transactions were completed during December, the second month of the businesss...
Theory X holds that: a. Quality improvements lie in the hands of quality circles b. Profits are tied to meeting schedule deadlines c. Absenteeism is tied to poor working conditions d. Workers are...
2 Suppose the president of a carpet manufacturing firm has asked you to look into the possibility of bypassing the firms wholesalers (who sell to carpet, department, and furniture stores) and selling...
Your firm is contemplating the purchase of a new $410,000 computer-based order entry system. The system will be depreciated straight-line to zero over its five-year life. It will be worth $30,000 at...
- Activities Baltimore Pharmacy Lundar Pharmacy Total orders 16 13 Cost Driver Rate Average line items per order 7 15 $42 per order Total store deliveries 6 13 20 24 Activity Area 1. Order processing...
During 2023, a township issued $3,000 in fines for failure to keep real property in 'acceptable' condition. The township estimates that $300 of the fines issued in 2023 will be uncollectible. The...
How much money would you have to put into an account initially at 8% interest compounded quarterly in order to have $6000 after 14 years?
Find the amount accumulated after 20 years if, at the end of each year, $300 is deposited into an account paying 6% interest compounded annually.
In problem, analyze each polynomial function by following Steps 1 through 6. f(x) = x 2 (x - 3)(x - 1)
Complete Exercises 2-B and 2-H in Writing and Analysis in the Law using what you learned in the reading and in the Seminar. Use paragraph form, use complete sentences, and make sure you use proper...
What is the value of a stock expected to be in 9 years if the annual dividend is expected to remain unchanged forever at $3.65, the expected rate of return is 6.9% per year, and the next dividend is...
Once invested IN a corporation, shareholders want their money out - they want a return on investment! John owns 2 5 % of REFUND CORP INC, which paid out a $ 5 0 , 0 0 0 distribution to him on 1 2 / 3...
Worksheet Financial Statement Ratios. Lowe's Companies, Inc Jan 28, 2022 and Jan. 29, 2021 Current Ratio Current Assets / Current Liabilities Acid Test Current Assets Current Liabilities (Cash + ST...
3. Peter Senen operates in a JIT manufacturing system. For August, Peter Senen purchased 10,000 units of raw materials at P1.00 per unit on account.What is the The journal entry to record the...
Your friend is a two-time winner of the IronmanArizona Triathlon (2.4-mile swim, 112-mile bike, and 26.2-mile run). He is also a popular and well-known marathon runner throughout the Southwest. He...
A summary of changes in Pen Corporation's Investment in Sam account from January 1, 2011, to December 31, 2013, follows (in thousands): ADDITIONAL INFORMATION 1. Pen acquired its 80 percent interest...
Out of the 50 colleges in a certain state, 25 are private, 15 offer engineering majors, and 5 are private colleges offering engineering majors. Find the probability that a college selected at random...
1. Suppose that a certain college contains an equal number of female and male students and that 8% of the female population are premed majors. What is the probability that a randomly selected student...
1. A red die and a green die are rolled as a pair. Let E be the event that "the red die shows a 2" and let F be the event that "the sum of the numbers is 8." Are the events E and F independent? 2....
You have just been hired as a new management trainee by Earrings Unlimited, a distributor of earrings to various retail outlets located in shopping malls across the country. In the past, the company...
Brief Exercise 10-6 Flint Inc. purchased land, building, and equipment from Laguna Corporation for a cash payment of $327,600. The estimated fair values of the assets are land $62,400, building...
"faithful respresentation" is the overriding principle that should be followed in ones prepaparation of IFRS-based financial statement. what is it? explain it fully quoting IAS. how this this...

Find an expression for the amount of money after five years when the initial amount is $80

Question:

Step by Step Answer:

The formula for simple interest is I Prt where I is the int...View the full answer

Finite Mathematics And Its Applications

Students also viewed these Mathematics questions