Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. if 40,000 is put in a savings account paying inter

if 40,000 is put in a savings account paying interest of 4% compounded annually ,...

90.2K

Verified Solution

Question

Accounting

if 40,000 is put in a savings account paying interest of 4% compounded annually , what i amount will be in the account at the end of 5 years?

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: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Case study #1 Mr. T, age 75, has been vomiting intermittently for the past 24 hours. His...

Medical Sciences
Q

You are designing an aircraft to fly slowly at high altitude, so you want to minimize...

Mechanical Engineering
Q

Ergonomics Inc. sells ergonomically designed office chairs. The company has the following information: Average demand = 35...

General Management
Q

Gas exchange is more difficult for aquatic animals with gills than for terrestrial animals with...

Biology
Q

What force parallel to a frictionless plane is necessary so that a 60 0 kg...

Physics
Q

1. Un proceso de costeo por rdenes de trabajo sera ms aplicable para a.procesamiento...

Accounting
Q

tpx Che 1.00 points M8-10 Preparing Data for the Cash Budget LO [8-4] process and...

Accounting
Q

Pencusidrecf: Pencusidrecf

Accounting
Q

All About August Journal Entries Se Ms. Valli has provide Valli has provided the transactions...

Accounting
Q

Production estimates for August for Jay Company are as follows: Estimated inventory...

Accounting
Q

Jones Excavation Company is planning an investment of $125,000 for a bulldozer. The bulldozer is...

Accounting
Q

15. You are asked to calculate the weighted average cost of capital for your company....

Finance