Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. dr. sisters has been secretly depositing \\( \\$ 3

Dr. Sisters has been secretly depositing \\( \\$ 3,100 \\) in her savings account every...

50.1K

Verified Solution

Question

Finance

image
Dr. Sisters has been secretly depositing \\( \\$ 3,100 \\) in her savings account every December starting in 2001 . Her account earns 5 percent compounded annually. How much did she have in December 2015? (Assume a deposit is made in the last year) Make sure to carefully count the years. (Use a Financial calculator to arrive at the answer. Round the final answer to the nearest whole dollar.) Future value \\( \\$ \\)

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

list the four basic organic molecule types, and for each, describe where it is first meaningfully...

Medical Sciences
Q

What about the side of marriages that we often omit from our discussions? Saving all my...

Psychology
Q

Is Gerhard Lenski right in classifying societies based on technological advances? What other criteria might be...

Psychology
Q

Q # 3: What is the relationship between LSD and serotonin? Q # 4: Describe the...

Psychology
Q

. (a) ABCD is a parallelogram. If the position vectors of A, Band C are 4i...

Advance Math
Q

A firm issues a 10-year, $1,000 par value bond. The required rate of return is 10%. 1....

Finance
Q

QUESTION 10 DOK 1 ALIGNED STANDARD 1 points How does Clarisse s house compare to...

Biology
Q

3 Should countries such as the United State South Africa and Palestine have opened their...

Biology
Q

Use phasor addition to find the resultant amplitude and phase constant when the following three...

Physics
Q

A sample of 58 rodent burrows whose depths were measured in centimeters yielded the frequency...

Basic Math
Q

S S Solve the following system of inequalities graphically on the set of axes below...

Algebra
Q

Los costos de materiales directos de Craigmont Company son de $4 500 000, los costos...

Accounting