subject
Mathematics, 05.05.2020 00:18 mantooth

Deposit $100 a month for twenty years into an account with an annual rate of 5% compounded monthly. i. How much money will you have in 20 years? ii. How much interest will you make in 20 years? b) Wait ten years then start depositing $200 a month for ten years into an account with an annual rate of 5% compounded monthly. i. How much money will you have? ii. How much will you make in interest? c) In the second scenario what amount needs to be deposited in order to have the same amount after the ten years as you did in part “a”.

ansver
Answers: 2

Another question on Mathematics

question
Mathematics, 21.06.2019 14:00
How can you find the conditional probability of a given b as the fraction of b’s outcomes that also belong to a, and interpret the answer in terms of the model? i just need a good explanation
Answers: 2
question
Mathematics, 21.06.2019 17:00
Amanager recorded the number of bicycles sold by his company each quarter. his projected sales after t years is given by the expression below. which of the following statements best describes the expression? a. the initial sales of 575 bicycles increases at the rate of 4% over 4 quarters. b. the initial sales of 575 bicycles increases at the rate of 18% over 4 years. c. the initial sales of 575 bicycles increases at the rate of 4% over t quarters. d. the initial sales of 575 bicycles increases at the rate of 18% over t years.
Answers: 1
question
Mathematics, 21.06.2019 18:30
41/17 as a decimal rounded to the nearest hundredth
Answers: 1
question
Mathematics, 21.06.2019 21:30
Which equation is true? i. 56 ÷ 4·7 = 82 ÷ (11 + 5) ii. (24 ÷ 8 + 2)3 = (42 + 9)2 neither i nor ii ii only i and ii i only
Answers: 1
You know the right answer?
Deposit $100 a month for twenty years into an account with an annual rate of 5% compounded monthly....
Questions
question
Mathematics, 18.09.2021 08:40
question
History, 18.09.2021 08:40
question
Mathematics, 18.09.2021 08:40
question
Mathematics, 18.09.2021 08:40