subject
Mathematics, 25.07.2020 01:01 laurenbreellamerritt

Suppose you deposit a principal amount of p dollars in a bank account that pays compound interest. If the annual interest rate r (expressed as a decimal) and the bank
makes interest payments n times every year, the amount of money A you would have
after t years is given by:
A = P[1+ (r/n)]"
Find the account balance after 20 years if you started with a deposit of $1000, and the
bank was paying 4% interest compounded quarterly (4 times a year). Round your
answer to the nearest cent.

ansver
Answers: 3

Another question on Mathematics

question
Mathematics, 21.06.2019 20:30
What is negative 3/9 times negative 2/8 ?
Answers: 1
question
Mathematics, 21.06.2019 21:30
Awater truck is filling a swimming pool. the equation that represents this relationship is y=19.75x where y is the number of gallons of water in the pool and x is the number of minutes the truck has been filling the pool.
Answers: 1
question
Mathematics, 22.06.2019 01:40
Ahigh-altitude spherical weather balloon expands as it rises, due to the drop in atmospheric pressure. suppose that the radius r increases at the rate of 0.02 inches per second, and that r = 36 inches at time t = 0. determine the equation that models the volume v of the balloon at time t, and find the volume when t = 360 seconds. v(t) = 4π(0.02t)2; 651.44 in3 v(t) = 4π(36 + 0.02t)2; 1,694,397.14 in3 v(t) = four pi times the product of zero point zero two and t to the third power divided by three.; 4,690.37 in3 v(t) = four pi times the quantity of thirty six plus zero point zero two t to the third power divided by three.; 337,706.83 in3
Answers: 1
question
Mathematics, 22.06.2019 02:40
Arestaurant manager wanted to get a better understanding of the tips her employees earn, so she decided to record the number of patrons her restaurant receives over the course of a week, as well as how many of those patrons left tips of at least 15%. the data she collected is in the table below. day mon tue wed thu fri sat sun patrons 126 106 103 126 153 165 137 tippers 82 87 93 68 91 83 64 which day of the week has the lowest experimental probability of patrons tipping at least 15%? a. sunday b. saturday c. friday d. thursday
Answers: 1
You know the right answer?
Suppose you deposit a principal amount of p dollars in a bank account that pays compound interest....
Questions