Suppose that $1,000 is deposited into an account that yields 0.85% interest, compounded annually. How much money
Question:
Suppose that $1,000 is deposited into an account that yields 0.85% interest, compounded annually. How much money will be in that account at the end of 4 years?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 75% (8 reviews)
Answer 103444 dollars Work Shown A P1rnnt A 1000100085114 A 103443596172007 A 103444 Not...View the full answer
Answered By
Marvine Ekina
Marvine Ekina
Dedicated and experienced Academic Tutor with a proven track record for helping students to improve their academic performance. Adept at evaluating students and creating learning plans based on their strengths and weaknesses. Bringing forth a devotion to education and helping others to achieve their academic and life goals.
PERSONAL INFORMATION
Address: , ,
Nationality:
Driving License:
Hobbies: reading
SKILLS
????? Problem Solving Skills
????? Predictive Modeling
????? Customer Service Skills
????? Creative Problem Solving Skills
????? Strong Analytical Skills
????? Project Management Skills
????? Multitasking Skills
????? Leadership Skills
????? Curriculum Development
????? Excellent Communication Skills
????? SAT Prep
????? Knowledge of Educational Philosophies
????? Informal and Formal Assessments
0.00
0 Reviews
10+ Question Solved
Related Book For
Financial Algebra Advanced Algebra With Financial Applications
ISBN: 9781337271790
2nd Edition
Authors: Robert Gerver, Richard J. Sgroi
Question Posted:
Students also viewed these Mathematics questions
-
How much money will you need to start your business? Where will the money come from to start your business? What are some important things to consider when getting a loan? Use an online calculator...
-
How much must be deposited at the end of each quarter for 10 years to accumulate to $12000 at 6% compounded monthly?
-
How much must be deposited at the end of each quarter for nine years to accumulate to $11 000 if interest is 4% compounded quarterly?
-
A portfolio manager estimates that the volatility of her daily portfolio returns is 1.2%. She also expects this portfolio to bring a return of 6% per year. Assume that there are 252 trading days in a...
-
Find the value of all put options in the tree by repeated application of risk-neutral valuation.
-
Determine the molecular formulas corresponding to each of the following structures. For each structure, calculate the number of degrees of unsaturation from the molecular formula and evaluate whether...
-
Develop the expressions for the mole fractions of reacting species as functions of the reaction coordinate for a system initially containing \(3 \mathrm{~mol} \mathrm{H}_{2} \mathrm{~S}\) and \(5...
-
1. How effective do you think MyGofer will be as a retail venture? 2. In what way is Sears Holding a combination of the old economy and the new economy? 3. What advice can you offer Sears to make...
-
Recently, an extremely strong solar flare sent X-rays toward Earth that disrupted Earth's ionosphere. Radio waves leaving a transmitter on Earth's surface reflect off of Earth's ionosphere, and can...
-
On January 1, 2020, James Company purchased 100 percent of the outstanding voting stock of Nolan, Inc., for $1,000,000 in cash and other consideration. At the purchase date, Nolan had common stock of...
-
How might those words apply to what has been outlined in this section? What play on words do you notice in Greenspans quote? Anything that we can do to raise personal savings is very much in the...
-
How might the quote apply to what has been outlined in this section? There have been three great inventions since the beginning of time: fire, the wheel, and central banking.
-
Briefly describe what economists do and their typical working conditions.
-
What specifically do you need to do to improve your skills in claiming value?
-
In what ways do Lean Management practices facilitate the cultivation of a culture of continuous improvement and empower employees to actively engage in problem-solving initiatives aimed at enhancing...
-
J. Clancy owns Clancy Consulting. On December 31 of the prior year, the Retained Earnings account balance was $27,000. During the current year, the company paid $13,800 in cash dividends. Clancy...
-
On December 31 of 2022, Tkaronto Corp. had 750 units in inventory of its product, which cost $15 per unit to produce. During January 2023, the company produced 1000 units at a cost of $17 per unit....
-
1 . Explain Engels Law 2. How can Engels law be used to explain the increase in demand for workers in the service industries?
-
Do matrix equivalent matrices have the same eigenvalues?
-
Write the binomial probability in words. Then, use a continuity correction to convert the binomial probability to a normal distribution probability. P(x 110)
-
Abe makes $18.50 per hour. He works 37 hours a week. He pays 23% of his gross earnings in federal and state taxes and saves 5% of his monthly gross income. He is considering renting an apartment that...
-
Rachel is considering moving into a one-bedroom apartment in Glen Gardens. The apartment has a monthly rent of $1,300. Here are the fees that she has been quoted. How much is she expected to pay up...
-
Milena has a gross biweekly income of $2,200. She pays 18% in federal and state taxes, puts aside 10% of her income to pay off her school loan, and puts 5% of her income aside for savings. She is...
-
Subtract and simplify: 5x-6x+2-(-2-x+2x)
-
In order to value a company, you would need to forecast its future (a key word here) free cash flows. How would you approach this task? Using downloaded real data, try to make the forecast and see,...
-
share five (5) pieces of advice you would give the class about personal financial planning. Explain each. You might go back and look at the introductions in the first discussion for a general,...
Study smarter with the SolutionInn App