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

Question

1 Approved Answer

$5500 is invested in an account that pays 4 % compounded every 3 months. What is the amount, A in the account after 30 years?

image text in transcribed
$5500 is invested in an account that pays 4 % compounded every 3 months. What is the amount, A in the account after 30 years? Round to the nearest cent. A = $ 18116.42 Preview TIP Enter your answer as a number (like 5, -3, 2.2172) or as a calculation (like 5/3, 243, 5+4) Enter DNE for Does Not Exist, oo for Infinity

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

Personal Finance

Personal Finance

Authors: Jack R Kapoor, Glencoe McGraw Hill, Les R Dlabay, Robert J Hughes

1st Edition

0078698006, 9780078698002

More Books

Students also viewed these Finance questions

Question

★★★★★
Why is liquidliquid extraction preferred over distillation for the separation of a mixture of formic acid and water?

Answered: 1 week ago

Question

★★★★★
According to http://careercompass.berkeley.edu/perfmgmt/ resources/evalforms.html, how does Berkeley appraise supervisors? What do you think of the form it uses?? L01

Answered: 1 week ago

Question

★★★★★
Discuss the challenging issues in this type of research that relate to focusing on group differences, group identification, the fallacy of homogeneity, and the post hoc fallacy.

Answered: 1 week ago

Question

★★★★★
Explain why the following hypotheses are not constructed correctly. a. H0: 10; HA: 10 b. H0: 500; HA: = 500 c. H0 : p 0.40; HA: p > 0.42 d. H0 : 128; HA: > 128

Answered: 1 week ago

Question

★★★★★
Use the following information to calculate the dollar amount of each year-end adjustment for Senia Company as of December 31. No adjusting entries have been prepared during the year. Unadjusted...

Answered: 1 week ago

Question

★★★★★
I need help with physics I. Here is what I need help with: https://drive.google.com/drive/folders/1-8n1ZjcxY4Q3rACVGPLjaiIgWiU6gsAU

Answered: 1 week ago

Question

★★★★★
Post the following February journal entries to the general ledger and calculate the ending balances using the T accounts provided. (Post entries in the order displayed in the problem statement.) Feb....

Answered: 1 week ago

Question

★★★★★
Jean-Paul has invested in 1,000 shares of the H.A.L. Computer Corporation. The shares were selling at $60 each when the company announced a 3-for-1 stock split. What is the value of Jean-Paul's...

Answered: 1 week ago

Question

★★★★★
Tom negotiates with Marion for the purchase of three brand new cars which he had seen advertised in the local newspaper for 10,000 each. They are both local car dealers Consider the legal position of...

Answered: 1 week ago

Question

★★★★★
Link A rotates about the reference frame N with an amount q along the direction n2, while link B rotates with respect to link A about a direction with an amount -92. Link C rotates with respect to...

Answered: 1 week ago

Question

★★★★★
2/ You plan to produce a winter coat similar to the one produced by Canada Goose. You will use animal fur/goose feathers. Assume that the product will be manufactured and packaged for sale in Canada....

Answered: 1 week ago

Question

★★★★★
Provide a brief description of human resource management practices. page 55

Answered: 1 week ago

Question

★★★★★
Describe the differences between strategy formulation and strategy implementation. page 76

Answered: 1 week ago

Question

★★★★★
Discuss the more popular typologies of generic strategies and the various HRM practices associated with each. page 86

Answered: 1 week ago

Previous Question Next Question