Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Mar 22, 2024

Find the final amount of money in an account if $6,000 is deposited at 2.5% interest compounded weekly and the money is left for

Find the final amount of money in an account if $6,000 is deposited at 2.5% interest compounded weekly and the money is left for 6 years. The final amount is $ Round answer to 2 decimal places

Step by Step Solution

★★★★★

3.47 Rating (150 Votes )

There are 3 Steps involved in it

Step: 1

In this question we will use the compound interest formula ... 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

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

Intermediate Algebra

Authors: Margaret Lial, John Hornsby, Terry McGinnis

13th Edition

0134895983, 978-0134895987

More Books

Students also viewed these Mathematics questions

Question

10 19 points You are going to value Lauryn's Doll Co. using the FCF model. After consulting various sources, you find that Lauryn's has a reported equity beta of 1.5, a debt-to-equity ratio of .4,...

Answered: 1 week ago

Question

The interest of a compound interest investment or loan can be computed with the formula I=AP (where A is given below) . The end amount of a compound interest investment or loan can be computed with...

Answered: 1 week ago

Question

★★★★★

A 1kg cart is connected to a 2kg cart. The 1kg cart feels 9N of friction and the 2kg cart feels 18 N of friction. If you pull on the 2kg cart with a Force of 36N to the right, what is the Force of...

Answered: 1 week ago

Question

★★★★★

Jake needed a summer job and was lucky enough to land a position as a ticket collector at a local amusement park. On his first day, he was assigned to work alongside Tim who had worked at the park...

Answered: 1 week ago

Question

★★★★★

Look back in Chapter 1 to the factors in increased globalization and explain which have influenced the growth of world trade in cut roses and why?

Answered: 1 week ago

Question

★★★★★

What are the ethical implications of sharing such personal information in the workplace?

Answered: 1 week ago

Question

★★★★★

=+b) Find rho for the full data and for the relationship with the Prius removed. Comment.

Answered: 1 week ago

Question

★★★★★

In Integrative Case 10.1, we projected financial statements for Starbucks for Years +1 through +5. In this portion of the Starbucks Integrative Case, we use the projected financial statements from...

Answered: 1 week ago

Question

★★★★★

The table below lists, in alphabetical order, items (and the corresponding amounts) excerpted from the Daimler Chrysler consolidated income statement for the accounting year ending on 31 December...

Answered: 1 week ago

Question

★★★★★

which of the following is used to create a class class structure into non of the above

Answered: 1 week ago

Question

★★★★★

EastPoint Toyota, a small dealership, has provided you with the following information with respect to its vehicle inventory for the month of November. The company uses the specific identification...

Answered: 1 week ago

Question

★★★★★

The following information refers to parts 1-2. It contains drop-down multiple choice and numerical questions. There are two periods (0 and 1). There are three states and two securities, a bond and a...

Answered: 1 week ago

Question

★★★★★

The trial balance for Skylar plc as at 31 October 20X7 is shown below. '000 '000 Share capital 15,000 Trade payables 3,348 Trade receivables 10,254 Accruals at 31 October 20X7 387 5% bank loan...

Answered: 1 week ago

Question

★★★★★

John and Mary Hazlitt left the airport taxi and carried their bags into their high - rise apartment building. They admired the gifts they had brought back - an illustrated book for themselves; a...

Answered: 1 week ago

Question

★★★★★

The Assessable Unit Manager (AUM) meets with the external Independent Auditor (IPA) to prepare and submit the Annual Statement of Assurance (ASOA) feeder package to the Head of the Reporting...

Answered: 1 week ago

Question

★★★★★

Pixel Studio, Inc., is a small company that creates computer-generated animations for films and television. Much of the company's work consists of short commercials for television, but the company...

Answered: 1 week ago

Question

★★★★★

The financial statements of Eastern Platinum Limited (Eastplats) are presented in Appendix A at the end of this textbook. Instructions (a) Does East plats report any investments on its statement of...

Answered: 1 week ago

Question

★★★★★

A small plane traveled from Warsaw to Rome, averaging 164 mph. The trip took 2 hr. What is the distance from Warsaw to Rome?

Answered: 1 week ago

Question

★★★★★

Apply the formulas for determining a childs body surface area and a childs dose of a medication. Find the body surface area, to the nearest hundredth, of a child with each weight. (a) 20 kg (b) 26 kg...

Answered: 1 week ago

Question

★★★★★

Find the x-and y-intercepts. Then graph each equation. x - 3y = 6

Answered: 1 week ago

Question

★★★★★

The data listed in the following table relate to a study by Reiter and others (1981) concerning the effects of injecting triethyl-tin (TET) into rats once at age 5 days. The animals were injected...

Answered: 1 week ago

Question

★★★★★

a. Suppose that a two-way ANOVA is to be performed, with 1995 starting salary as the dependent variable and with school type (SCHOOL) and reputation rank among academics (REP1 = 1 if reputation rank...

Answered: 1 week ago

Question

★★★★★

The diameters (Y) of three species of pine trees were compared at each of four locations, using samples of five trees per species at each location. The resulting data are given in the following...

Answered: 1 week ago

Previous Question Next Question