2. A retirement account is opened with an initial deposit of $6,500 and earns 9.16% interest...
2. A retirement account is opened with an initial deposit of $6,500 and earns 9.16% interest compounded monthly. What will the account be worth in 45 years? (Round your answer to the nearest cent.)
Homework Answers
Add Answer to:
2. A retirement account is opened with an initial deposit of
$6,500 and earns 9.16% interest...
1. Find the inverse of the function with the domain given. (Enter the domain using interval...
1. Find the inverse of the function with the domain given. (Enter the domain using interval notation.) f(x) = (x + 6)2 − 5, x ≥ −6 2. A retirement account is opened with an initial deposit of $6,500 and earns 9.16% interest compounded monthly. What will the account be worth in 45 years? (Round your answer to the nearest cent.)
Calculate compound interest Question An account is opened with an initial deposit of $5,500 and earns...
Calculate compound interest Question An account is opened with an initial deposit of $5,500 and earns 2.5% interest compounded annually. What will the account be worth in 10 years? Round your answer to the nearest dollar. Provide your answer below:
An account is opened with an initial deposit of $3,000 and earns 4.1% interest compounded quarterly....
An account is opened with an initial deposit of $3,000 and earns 4.1% interest compounded quarterly. What will the account be worth in 2 years?
Your local bank is offering a new type of retirement savings account. An initial deposit is...
Your local bank is offering a new type of retirement savings account. An initial deposit is made to the account when it is opened. This money and any accumulated interest must be left in the account for 29 years. No additional deposits can be made. On the day the account is opened and on each annual anniversary of the initial deposit, the account balance is reviewed and the following terms apply: 1. If the account balance is less than or...
1. Suppose an investment account is opened with an initial deposit of $18,500 earning 6.75% interest,...
1. Suppose an investment account is opened with an initial deposit of $18,500 earning 6.75% interest, compounded continuously. How much will the account be worth after 25 years? (Round your answer to two decimal places.) 2. Use the Rational Zero Theorem to find all rational zeros of the polynomial equation. (Enter your answers as a comma-separated list.) 5x3 + 19x2 + 16x − 4 = 0 x = ?
i think you could ise this method An initial investment of $3,000 earns 6% interest compounded...
i think you could ise this method
An initial investment of $3,000 earns 6% interest compounded continuously. What will the investment be worth in 16 years? (Round your answer to the nearest cent.) $10709.92 x Submission 2 (0/1 points) Wednesday, July 29, 2020 10:52 PM CDT An initial Investment of $3,000 earns 8% interest compounded continuously. What will the investment be worth in 16 years? (Round your answer to the nearest cent.) $ 7789.92 x Submission 3 (0/1 points) Wednesday,...
$ Gabriel opened an RRSP deposit account on December 1, 2008, with a deposit of $1600....
$ Gabriel opened an RRSP deposit account on December 1, 2008, with a deposit of $1600. He added $1600 on December 1, 2010, and $1600 on July 1, 2012. How much is in his account on June 1, 2016, if the deposit earns 5.9% p.a. compounded monthly? The amount in the account is (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
Gabriel opened an RRSP deposit account on December 1, 2008, with a deposit of $1000. He...
Gabriel opened an RRSP deposit account on December 1, 2008, with a deposit of $1000. He added $1000 on October 1, 2010, and $1000 on April 1, 2012. How much is in his account on January 1, 2016, if the deposit earns 7.7% p.a. compounded monthly? The amount in the account is $ . (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
Kiara opened an RRSP deposit account on December 1, 2008, with a deposit of $2500. He...
Kiara opened an RRSP deposit account on December 1, 2008, with a deposit of $2500. He added $2500 on April 1, 2010, and $2500 on December 1, 2012. How much is in his account on March 1, 2016, if the deposit earns 8.8 % p.a . compounded monthly? The amount in the account is $. (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
Robert opened an RRSP deposit account on December 1, 2008, with a deposit of $900. He...
Robert opened an RRSP deposit account on December 1, 2008, with a deposit of $900. He added $900 on January 1, 2010, and $900 on October 1, 2012. How much is in his account on December 1, 2016, if the deposit earns 5.4% p.a. compounded monthly? The amount in the account is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
Calculate compound interest Question An account is opened with an initial deposit of $5,500 and earns 2.5% interest compounded annually. What will the account be worth in 10 years? Round your answer to the nearest dollar. Provide your answer below:
Your local bank is offering a new type of retirement savings account. An initial deposit is made to the account when it is opened. This money and any accumulated interest must be left in the account for 29 years. No additional deposits can be made. On the day the account is opened and on each annual anniversary of the initial deposit, the account balance is reviewed and the following terms apply: 1. If the account balance is less than or...
i think you could ise this method
An initial investment of $3,000 earns 6% interest compounded continuously. What will the investment be worth in 16 years? (Round your answer to the nearest cent.) $10709.92 x Submission 2 (0/1 points) Wednesday, July 29, 2020 10:52 PM CDT An initial Investment of $3,000 earns 8% interest compounded continuously. What will the investment be worth in 16 years? (Round your answer to the nearest cent.) $ 7789.92 x Submission 3 (0/1 points) Wednesday,...
$ Gabriel opened an RRSP deposit account on December 1, 2008, with a deposit of $1600. He added $1600 on December 1, 2010, and $1600 on July 1, 2012. How much is in his account on June 1, 2016, if the deposit earns 5.9% p.a. compounded monthly? The amount in the account is (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
Gabriel opened an RRSP deposit account on December 1, 2008, with a deposit of $1000. He added $1000 on October 1, 2010, and $1000 on April 1, 2012. How much is in his account on January 1, 2016, if the deposit earns 7.7% p.a. compounded monthly? The amount in the account is $ . (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
Kiara opened an RRSP deposit account on December 1, 2008, with a deposit of $2500. He added $2500 on April 1, 2010, and $2500 on December 1, 2012. How much is in his account on March 1, 2016, if the deposit earns 8.8 % p.a . compounded monthly? The amount in the account is $. (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
Robert opened an RRSP deposit account on December 1, 2008, with a deposit of $900. He added $900 on January 1, 2010, and $900 on October 1, 2012. How much is in his account on December 1, 2016, if the deposit earns 5.4% p.a. compounded monthly? The amount in the account is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
Most questions answered within 3 hours.
-
Xanth Co. has 8.9% annual coupon bonds with face value of $1,000
and 7 years remaining...
asked 2 minutes ago -
The Bellevue University bookstore purchases sweatshirts with the
school name and logo from a vendor. The...
asked 6 minutes ago -
Suppose X∼Exp(λ) for some λ >0. Compute E(X) and Var(X).
asked 5 minutes ago -
If you invest the $10,000 you receive at graduation in a mutual
fund which averages a...
asked 8 minutes ago -
Consider 15 mL of an aqueous solution containing 2.0 g of an
organic solute.If the distribution...
asked 8 minutes ago -
Define the following Marketing Psychology Principles of Human
Behavior: Priming, Reciprocity, Social Proof, Decoy Effect,
Scarcity,...
asked 24 minutes ago -
What does the graph of Range vs angle look like? Also what is
the slope of...
asked 27 minutes ago -
a
sample size of _ is needed So there a 99% confidence interval will
have a...
asked 32 minutes ago -
Strategy is an important part of project management and business
decisions. Define strategy and describe in...
asked 35 minutes ago -
Task 5.2 Numerical Analysis Using Nested Loops (13 pts)
Consider the following program:
void setup()
{...
asked 49 minutes ago -
If a lossless transformer has 1000 turns for a primary winding
and 100 turns for the...
asked 57 minutes ago -
Write the net ionic equation for the precipitation reaction that
occurs when aqueous solutions of potassium...
asked 1 hour ago