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

Question

1 Approved Answer

You deposited $5,000 four years ago into a bank account. Two years ago, you deposited an additional $6,309.26. Assume an annual interest rate of 6%.

You deposited $5,000 four years ago into a bank account. Two years ago, you deposited an additional $6,309.26. Assume an annual interest rate of 6%. How much will be in the account in ten years from now? Use a $ symbol and a comma and zero decimal places. (i.e. $15,000)

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_2

Step: 3

blur-text-image_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

Interest Rate Swaps And Their Derivatives A Practitioners Guide

Interest Rate Swaps And Their Derivatives A Practitioners Guide

Authors: Amir Sadr

1st Edition

0470443944, 978-0470443941

More Books

Students also viewed these Finance questions

Question

★★★★★
A random sample of 40 new baseballs is obtained. Each ball is dropped onto a concrete surface, and the bounce heights have a mean of 92.67 inches and a standard deviation of 1.79 inches (based on...

Answered: 1 week ago

Question

★★★★★
The E.N.D. partnership has the following capital balances as of the end of the current year: $ 240,000 210,000 200,000 190,000 $840,000 Pineda Adam5 Fergie Gomez Total capital Answer each of the...

Answered: 1 week ago

Question

★★★★★
31. Inasmuch as you are fully cognizant of our very real budget problems, there is no reason why we should repeat the discussion of the problem over again. Redundancies, Jargon, Slang, Clichs Revise...

Answered: 1 week ago

Question

★★★★★
Ironwood Company manufactures a variety of sunglasses. Production information for its most popular line, the Clear Vista (CV), follows: Per Unit Sales price .............$37.50 Direct materials...

Answered: 1 week ago

Question

★★★★★
You deposited $5,000 four years ago into a bank account. Two years ago, you deposited an additional $6,309.26. Assume an annual interest rate of 6%. How much will be in the account in ten years from...

Answered: 1 week ago

Question

★★★★★
3x2- 11x -4 1. (6 pts) Calculate lim *+-00 12 + x - x2 If no finite limit exists, be as precise as possible among co, -co, or DNE. Justify your answer. Tables alone will not suffice as...

Answered: 1 week ago

Question

★★★★★
How will you handle this following situation , for an office manager: you did\'nt order enough supplies, and your coworkers are upset they dont have the materials they need to finish their job, For a...

Answered: 1 week ago

Question

★★★★★
How will you know when athletes reach the automatic stage? How will the focus of your coaching change in this final stage? Describe how to perform this skill according to the abstracting-rules...

Answered: 1 week ago

Question

★★★★★
African American enslavement did not slowly disappear in 19 th century America. Rather, it went full force until 1860 and 1861, the South seceded from the Union because the election of Abraham...

Answered: 1 week ago

Question

★★★★★
Establish a strong argument in-favor of and in-opposition to businesses being involved in the political process. Discuss and give an example of the three types of corporate political strategies and...

Answered: 1 week ago

Question

★★★★★
Please also show the solutuions 1. No-coupon bonds have a face value of $1,000 and mature in 10 years. Investors want an annual yield of 8% on these bonds. The price of the bond is () USD? 2....

Answered: 1 week ago

Question

★★★★★
2. Assess the management, organization, and technology factors that have created this problem. In July 2010, reports surfaced about a Stuxnet worm that had been targeting Irans nuclear facilities. In...

Answered: 1 week ago

Question

★★★★★
8-5 Security isnt simply a technology issue, its a business issue. Discuss.

Answered: 1 week ago

Question

★★★★★
2. What is the possible business impact of this security breach for both MWEB and its customers? BMWEB, launched in 1997, became South Africas leading ISP in 1998. It has established itself as a...

Answered: 1 week ago

Previous Question Next Question