subject
Mathematics, 24.07.2019 16:40 bryson3307

Alexander deposited money into his retirement account that is compounded annually at an interest rate of 7%. alexander thought the equivalent quarterly interest rate would be 2%. is alexander correct? if he is, explain why. if he is not correct, state what the equivalent quarterly interest rate is and show how you got your answer. i need to show my work and everything

ansver
Answers: 1

Another question on Mathematics

question
Mathematics, 21.06.2019 14:30
What is the volume of this square pyramid?
Answers: 2
question
Mathematics, 21.06.2019 16:30
An automated water dispenser fills packets with one liter of water on average, with a standard deviation of 5 milliliter. the manual says that after a year of operation the dispenser should be tested to see if it needs recalibration. a year later a number of filled packets are set aside and measured separately. it is found that the average packet now contains about 0.995 liters. does the dispenser need calibration? explain your answer.
Answers: 2
question
Mathematics, 21.06.2019 17:00
Evaluate the expression for the given value of the variable 2×(c2-5) for c=4
Answers: 1
question
Mathematics, 21.06.2019 20:10
The population of a small rural town in the year 2006 was 2,459. the population can be modeled by the function below, where f(x residents and t is the number of years elapsed since 2006. f(t) = 2,459(0.92)
Answers: 1
You know the right answer?
Alexander deposited money into his retirement account that is compounded annually at an interest rat...
Questions
question
Mathematics, 25.06.2020 07:01
question
Mathematics, 25.06.2020 07:01