Question: how to solve this problem: maria put $42,000 in an education account on the day her daughter was born. If the account earned 4.45% interest

how to solve this problem:

maria put $42,000 in an education account on the day her daughter was born. If the account earned 4.45% interest compounded quarterly, what was the total in the account when her daughter turned 18?

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Mathematics Questions!

The equity section of Ahab SA at December 31 is as follows. Instructions From a review of the equity section, as chief accountant, write a memo to the president of the company answering the following...

Math 012 Final Examination Answer Sheet Fall 2016 1 Math 012 Intermediate Algebra Name______________________________ Final Examination: Fall 2016 Instructor __________________________ Answer Sheet...

Maria put $55,000 in an education account on the day her daughter was born. If the account earned 4.45% interest compounded quarterly, what was the total in the account when her daughter turned 18?...

Solve each equation. 1) -3(x - 4) = -5(x - 8) 2) - 11 2 = 2n + 7 2 n Solve each inequality, write its solution set in interval notation, and graph the solution set on a number line. 3) -2(x + 5) + 2...

Math 012 4050 Final Exam Spring 2017 ID: 31 z o2F0U1i7R \\KRultoaW NSWoYfCtCwPaBrFeI kLzLqCt.G z tAllxld rrTiYgLhmtPs] vrmeCsaeyryvreSd[. Solve each equation. 1) -3n + 3(2n - 7) = 8n - 7(5 + n) 2) 11...

resentation, Neatness, and Organization points (5 points) The recitation instructors will be giving yo score (out of 5 points) that reflect how well your presentation, neatness, and organization of...

LEARNING COMPETENCIES After studying this module, you will be able to do the following: Find the amount of simple and compound interest; Ascertain exact, ordinary interest, maturity value, and simple...

Solve the following problem and write the complete answer, including appropriate units. Patrice put $52,000 in an education account the day her daughter was born. If the account earned 6.65% interest...

Maria put $65,000 in an education account on the day her daughter was born. If the account earned 5.05% interest compounded quarterly, what was the total in the account when her daughter turned 18?...

Math 012 Final Examination Answer Sheet Summer 2017 1 Math 012 Intermediate Algebra Name______________________________ Final Examination: Summer 2017 Instructor __________________________ Answer...

Draw the most stable form of the major product in the following reaction. There is a hint available! View the hint by clicking on the bottom divider bar. Click on the divider bar again to hide the...

13. A female member of an animal species has a DIPLOID chromosome number of 50. Use this information to fill out the following table. Situation Number Chromosomes in a mature egg Chromosomes in a...

2 Which one of the following will decrease the net present value of a project? 0 1 : 1 2 9 5 Multiple Choice Increasing the value of each of the project's discounted cash inflows Moving each cash...

The following information is for direct material cost for X Company for 2018: Budgeted pounds per unit of product 2 Actual pounds per unit of product 1.9 Budgeted cost per pound $12.70 Actual cost...