constance898 constance898

22-05-2021
Mathematics

contestada

You deposit $1000 in an account that pays 2% annual interest compounded quarterly. How much will you have
after 8 years?

Respuesta :

serakuyar serakuyar

22-05-2021

Answer :
1,173.04

Explanation:
Use the compound interest formula which is P(1 + r/n)^(nt) and plug in your numbers:

1000(1+0.02/4)^(4•8)

Answer Link

Otras preguntas

what are the rules for beachamp and childress to consider a person (X) owing an obligatory duty of general beneficence towards Y if...(5)

When do you give platelet transfusion in someone with ITP a) Platelet count < 20,000/μL b) Platelet count < 50,000/μL c) Platelet count < 100,000/μL d)

Isaiah knows that what his boss has asked him to do is not in the best interest of the company. He also knows that if he does not do what he was asked to do, he

All the following awards are worth 2 points except which one? a) Nobel Prize b) Pulitzer Prize c) Academy Award (Oscar) d) Booker Prize

A chemical reaction changes the shape of the enzyme permanently. If , make it a statement.a) Trueb) False

When a new product is introduced that is better than the original and customers switch from the old product to the new product, the product then enters the...a)

You can use MD61 to ______ . a. forecast raw material requirementsb. forecast finished goods requirements c. forecast semi-finished goods requirementsd. forecas

Powers Denied to the States (Delegated powers) a) Issue their own currency b) Enter into treaties with foreign governments c) Impose import/export duties d) All

On the set of axes below, ABC is drawn and passed through A(-2,6) and B(4,0). If CD is the image of AB after a dilation with a scale factor of 1/2 centered at t

_________ are false spaces above built-in cabinets, usually in a kitchen or in the undersides of stairways and projecting eaves. a) Trimmers b) Splines c) Soffi