FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

4. Invest $5000 into an account which advertises 4.4% compounded semiannually. How much money will you have in 20 years? Round your answer to nearest

image text in transcribed
image text in transcribed
4. Invest $5000 into an account which advertises 4.4% compounded semiannually. How much money will you have in 20 years? Round your answer to nearest dollar (that means whole number). A = P (1+ -) raised to (nt) power. P = amount invested. r = yearly interested rate changed to n decimal. n is the number of compoundings per year. t is the number of years

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Mathematical Analysis II

Mathematical Analysis II

Authors: Claudio Canuto, Anita Tabacco

2nd Edition

3319127578, 9783319127576

More Books

Students also viewed these Mathematics questions

Question

★★★★★
3-Bromo-1-butene and 1-bromo-2-butene undergo SN1 reaction at nearly the same rate even though one is a secondary halide and the other is primary. Explain

Answered: 1 week ago

Question

★★★★★
The Alpine House, Inc., is a large retailer of snow skis. The company assembled the information shown below for the quarter ended March 31: Amount Total sales revenue . . . . . . . . . . . . . . . ....

Answered: 1 week ago

Question

★★★★★
Identify the critical differences between conventional risk and Knightian uncertainty and the importance of these differences for understanding investor behavior.

Answered: 1 week ago

Question

★★★★★
Sager Company manufactures variations of its product, a technopress, in response to custom orders from its customers. On May 1, the company had no inventories of goods in process or finished goods...

Answered: 1 week ago

Question

★★★★★
MAZOON COLLEGE ECONOMICS AND BUSINESS STUDIES DEPARTMENT AY 2021 2022, Semester 2 (spring) Intermediate Accounting 1 (Acc307) Student's Full Name: ID Number Major: Section: Marn/Evening Total Marks...

Answered: 1 week ago

Question

★★★★★
A woodcutter determines the height of a tall tree by first measuring a smaller one125ftaway, then moving so that his eyes are in the line of sight along the tops of the trees and measuring how far he...

Answered: 1 week ago

Question

★★★★★
Discussion Question: Your Agile project as been progressing smoothly and until now, there have been few surprises. Without any warning, the client manager (your product manager} suddenly leaves the...

Answered: 1 week ago

Question

★★★★★
Which of the following best represents the application of predictive analytics? A consultant organizes an analysis of causation for dissatisfied workers and possible interactions among causes. A cost...

Answered: 1 week ago

Question

★★★★★
Lucas is 36 years old, married, and established in his career. He has a strong sense of his identity, his values, and his roles. He is focussed on pursuing his ambitious career goals and starting a...

Answered: 1 week ago

Question

★★★★★
Small Sliders: The Composable Restaurant Franchise (starting on page 358 of the Piccoli textbook) Please answer the following questions: what you think Smalls Sliders' IT mission should be based upon...

Answered: 1 week ago

Question

★★★★★
How should the HR manager react to the financial manager's insistence that the payroll function report to the finance department? Answers Ask the finance manager to provide industry benchmarks that...

Answered: 1 week ago

Question

★★★★★
Using a case study or example covered in class or an example from your own experience explain what layout type is a conventional supermarket. What are they trying to achieve through that layout? How...

Answered: 1 week ago

Question

★★★★★
16. Now put the areas you have ranked in order of priority and reflect on which values they correspond to in your value hierarchy.

Answered: 1 week ago

Question

★★★★★
14. Now reconcile what you answered to problem 15 with problem 13.

Answered: 1 week ago

Question

★★★★★
11. In what environment or contexts is it the value you want others to associate you with that the value can best be expressed in? Do you seek out these contexts to learn?

Answered: 1 week ago

Previous Question Next Question