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.

4% 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

See More 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. 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. 9% compounded monthly
Q Ltd prepares accounts to 31 March each year. The company made the following two disposals of chargeable assets during the year to 31 March 2021: (1) 1,250 shares in Hentic Ltd were sold on 28 June...
Jay Lin, an architect, opened an office on July 1, 2015. During the month, he completed the following transactions connected with his professional practice: a. Transferred cash from a personal bank...
Overhead costs are the source of product cost distor tions. Do you agree? Explain.
Describe the five approaches to exemplary leadership. AppendixLO1
1. Why did Mayer lose this case? 2. According to the Court, under what circumstances might a plaintiff conceivably have an actionable claim involving a sports event gone wrong? 3. To some extent, the...
Compute trend percents for the above accounts, using 2015 as the base year
Freddy Frolic consumes only asparagus and tomatoes, which are highly seasonal crops in Freddys part of the world. He sells umbrellas for a living, which provides a fluctuating income depending on the...
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 A bank account into which $20,000 is deposited at 6% interest compounded monthly and $100 is withdrawn at the...
Provide some examples of game theory and how they can help in understanding situations of mutual interdependence.
Given below is some is a comparison of financial performance data of a project when flexibility is incorporated (I.e. flexible project) in comparison to when it is not. (i.e. inflexible project) The...
For Service Zone H, assuming your shipment chargeable weight is between 100 and 300 kg, at what weight does it become cheaper to declare the shipment weight to be 300 kg.? EG: What is the rate break...
Gold Dust Ltd has produced the following budgeted data for its current financial year:- Sales 2900000 Direct materials 400000 Direct labour 500000 Production overhead 1200000 Production cost 2100000...
Critical Review V Hide Assignment Information Instructions Williams, A. (2012). Worry, intolerance of uncertainty, and statistics anxiety. Click on the following link to retrieve the article....
(4.) Octopussy Company uses a predetermined overhead rate in applying overhead to production orders on a labor-cost basis for Dept. A and on a machine-hour basis for Dept. B. At the beginning of...
How might a corporation use reverse engineering to convert to a new database management system? How might it use reverse engineering to uncover the trade secrets behind a competitors software?
Draw the appropriate control flow graph of the given pseudocode.Make sure to only use one number for blocks of code which are all sequential and when the first line is executed, all of those lines...
Suppose that a red die and a green die are rolled and the numbers on the sides that face upward are observed. (See Example 7 of this section and Example 2 of the first section.) (a) What is the...
1. An experiment consists of observing the genders and birth orders in three-child families. Assume all eight outcomes have the same probability of occurring. (a) What is the probability that a...
The next table shows the results from The American Freshman: National Norms Fall 2015 of a question posed to 141,000 college freshmen. Consider the experiment of selecting a student at random from...
firm purchased a new piece of equipment with an estimated useful life of eight years. The cost of the equipment was $65,000. The salvage value was estimated to be $10,000 at the end of year 8. Using...
On an average day, a company writes checks totaling $1,500. These checks take 7 days to clear. The company receives checks totaling $1,800. These checks take 4 days to clear. The cost of debt is 9%....
Olds Company declares Chapter 7 bankruptcy. The following are the book values of the asset and liability accounts at that time. A bankruptcy expert estimates that administrative expense will total $...

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

Question:

Step by Step Answer:

Y o 80 i 00...View the full answer

Finite Mathematics And Its Applications

Students also viewed these Mathematics questions