Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Sep 09, 2024

9. Today, you deposit $1,000 into an account that pays 12 percent interest annually. How much will you have in the account after 4 years?

9. Today, you deposit $1,000 into an account that pays 12 percent interest annually. How much will you have in the account after 4 years? (Round your answer to the nearest cent.)

A. $635.52 C. $1,120.00

B. $1,254.40 D. $1,573.52

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

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

Step: 2

Step: 3

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

Environmental And Safety Auditing Program Strategies For Legal International And Financial Issues

Authors: Unhee Kim, John F. Falkenbury, Timothy A. Wilkins, Ralph Rhodes, Richard J. Satterfield

1st Edition

1566702461, 978-1566702461

More Books

Students also viewed these Accounting questions

Question

★★★★★

= 1 2x a. Determine the standard error of the estimate. b. Construct a residual plot. c. Construct a normal probability plot of the residuals. -4 0-5

Answered: 1 week ago

Question

★★★★★

COST MANAGEMENT: PLEASE SHOW ALL COMPUTATIONS IN DETAIL PLEASE AND THANK YOU Chemical, Inc., has set the following standards for direct materials and direct labor for each 20-pound bag of...

Answered: 1 week ago

Question

★★★★★

=+4.16. 2.18 1 Reconsider Problem 2.18(d). If D were countably additive on f(./), it would extend to ar(./). Use the second Borel-Cantelli lemma.

Answered: 1 week ago

Question

★★★★★

1. What role did cultural relativism and situational ethics play in the Olympus fraud? Explain. 2. Describe the shortcomings in corporate culture at Olympus? 3. Did Michael Woodford violate his...

Answered: 1 week ago

Question

★★★★★

Suppose client application sends a currency code as a query parameter to your api Requirement 1. In a separate flow, checks if the currency code is a valid code (e.g. if it is a recognized currency...

Answered: 1 week ago

Question

★★★★★

Pax Company is a furniture manufacturer. For internal reporting purposes, products are grouped into seven categories, which are reported management separately to the executives and board of...

Answered: 1 week ago

Question

★★★★★

Suppose you wake-up one morning and all news outlets are reporting the following: Congress has just passed & the president has approved legislation that would change the U. S. currency. Now, instead...

Answered: 1 week ago

Question

★★★★★

Which of the following is clearly an absolute criterion that must be met? Multiple Choice The employee Wellness Center must cost less than $250,000 to build. The band for the picnic should be able to...

Answered: 1 week ago

Question

★★★★★

Conrad sends his quality control manager to Mexico to ensure the quality of a new manufacturer is meeting specifications. Which risk is Conrad addressing? Question 20 options: Process risk Control...

Answered: 1 week ago

Question

★★★★★

Exercise 5-4 Allocation of Cost and Workpaper Entries at Date of Acquisition On January 1, 2012, Porter Company purchased an 80% interest in Salem Company for $260,000. On this date, Salem Company...

Answered: 1 week ago

Question

★★★★★

One World Not Three (OWNT) Relief Fund is an international nonprofit relief agency based in the United States. OWNT recently celebrated its tenth anniversary and is in the middle of trying to expand...

Answered: 1 week ago

Question

★★★★★

2. List the advantages of listening well

Answered: 1 week ago

Question

★★★★★

3. Make a list of all the places where you have lived or traveled. (Remember, this does not just mean travel to foreign countries. Think about trips to other neighborhoods in your city or areas of...

Answered: 1 week ago

Question

★★★★★

5. Do a little virtual shopping in the toy department of an online retailer, and use the search options to see what kinds of toys the retailer suggests for girls versus boys. What do these...

Answered: 1 week ago

Previous Question Next Question