Logo
Home Study Material Contact Search
AI Chat FREE
  1. mathematics
  2. algebra
  3. find how much money will be in the account after t

Find how much money will be in the account after the given number of years...

50.1K

Verified Solution

Question

Algebra

image

Find how much money will be in the account after the given number of years at the given rate of compound interest Principal 7000 Rate 4 compounded semiannually Time 4 years Use one of the formulas below to solve the problem Future Value A P 1 nxt Present Value P 7577 03 9579 98 8201 62 8189 01 nxt

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

Q2 20 July 2021 Shift 1 In an LCR series circuit an inductor 30mH and...

Physics
Q

View in English A potentiometer consists of a wire of length 8 m and resistance...

Physics
Q

5 The width of a rectangular dance floor is w feet The length of the...

Geometry
Q

A parabola has a vertex at (-1, -2) and opens down. Which of the following...

Basic Math
Q

Why do we need confidence intervals choose one or more To express statistical uncertainty To...

Statistics
Q

rms of Linear Equations Show all calculations in the space provided Please remember to indicate...

Calculus
Q

The balance sheet items of Kiner Company as of December 31, current year, follow in...

Accounting
Q

Howard Company reported the following information for 2014: Sales $ 970,000 Average Operating Assets $...

Accounting
Q

As a new senior accountant of Ferndale Rugs, Inc., an exotic rug manufacturer, you have...

Accounting
Q

Q. A company wants to improve its current ratio at the end of its reporting...

Accounting
Q

The Bluth Company issues $200,000 of bonds paying a stated interest rate of 7%. The...

Accounting
Q

A company. has a project available with the following cash flows: ...

Finance