brianaanderson2 brianaanderson2

15-02-2018
Mathematics

contestada

4000 principle earning 6% compounded annually after 5 years

Respuesta :

mathmate mathmate

16-02-2018

Principal, P= 4000
interest = 6%/4 = 0.015 (per quarter)
Number of periods, n = 5*4 =20 quarters

Compound interest formula:
Future value:
[tex]F=P(1+i)^n[/tex]
[tex]=4000(1+.015)^{20}[/tex]
[tex]F=5387.42[/tex] to the nearest cent.

Answer Link

Otras preguntas

One gram of a certain health food contains 7 percent of the minimum daily requirement of vitamin E and 3 percent of the minimum daily requirement of vitamin A.

arrange the following words into good sentences:(1) Julieta y César / ser / paramédicos(2) trabajar / juntos y / llevarse / muy bien(3) cuando / haber / acciden

The descending limb of the loop of Henle ________. A. pulls water by osmosis into the lumen of the tubule B. is freely permeable to sodium and urea C. is not

How do you simplify 56ab/b?

When using Fermi’s method for estimating large numbers, you first calculate the volume of a given container. Which of the following is the correct formula for c

In talking with Grandma on the phone, little Marcelo suddenly exclaims, “Oh, look at that pretty red bird!” When his grandmother asks him to describe the bird,

When looking inside the garage, we observe that all vehicles are cars except two, all are motorcycles except two and finally that all are bicycles except two. C

Which is an example of a specific short-term fitness goal? a. improving posture b. jogging 2 miles in 19 minutes c. increasing strength d. having more energ

The density of platinum (Pt) is 21.5 g/cm^3 at 250C. What is the volume of 87.6 g of Pt at this temperature?

Which of the following is not a qualitative technique an entrepreneur can use to evaluate the asking price of an LBO? A) The abilities of management and other