Question: Which equation would find the balance on this account? initial deposit of $900 APR of 2.25% Compounded semi-annually Time of 10 years

Which equation would find the balance on this account?

  • initial deposit of $900
  • APR of 2.25%
  • Compounded semi-annually
  • Time of 10 years

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!

Q:

Bug-Off Exterminators provides pest control services and sells extermination products manufactured by other companies. The following six-column table contains the company's unadjusted trial balance...

Q:

Which equation would find the balance on this account? initial deposit of $900 APR of 2.25% Compounded semi-annually Time of 10 years Group of answer choices Balance=900(1+0.225/10)20...

Q:

Which equation would find the balance on this account? initial deposit of $900 APR of 2.25% Compounded semi-annually Time of 10 years Group of answer choices Balance=900(1+0.225/10)20...

Q:

Which equation would find the balance on this account? initial deposit of $4000 APR of 7.3% Compounded weekly Time of 20 years Group of answer choices Balance=4000(1+.073/52)^(52*20)1040...

Q:

DIRECTIONS: For each country below, you are given a savings account interest rate, an initial deposit (USD) and length of time you will keep the money deposited, plus starting and ending interest...

Q:

DIRECTIONS: For each country below, you are given a savings account interest rate, an initial deposit (USD) and length of time you will keep the money deposited, plus starting and ending interest...

Q:

Find the monthly interest rate. 5) What is the monthly interest rate if an annual rate is 16.6% ? 5) A) 15.6% B) 13.83% C) 1.3% D) 1.38% Solve the problem. Round to the nearest cent. 6) On September...

Q:

Find the value of the annuity and the interest Round to the nearest dollar A nt A P 1 r 1 r A P 9 A nt OA 21 047 3 047 OB 22 420 4 420 C 29 722 11 722 D 62 420 44 420 1 P Periodic Deposit 900 at the...

Q:

Q1. On a summer day, the bottom water of a lake is at a temperature of 5 Celsius. What is this temperature in Fahrenheit? a. 37 b. 5 c. 41 d. 9 Q2. Which cost function for the problem. Assume that...

Q:

Can I get help by comparing my answers with a tutor!! 1 . A radioactive sample with an initial mass of 35 mg has a half-life of 3 days. Which of the following equations models the exponential decay...

Q:

7:10 AM Fri Jul 22 . . . 2% c ) d) 6. Jeff is purchasing a new vehicle for $35 000. It is known that the vehicle will depreciate by 20% of its current value every year. a) Write an equation that...

Q:

Fred Stern & Company, Inc. (Knapp): Knowing how to analyze a case will help you attack virtually any business problem. A case study helps you learn by immersing you in real-world business issues...

Q:

What are the three ways to create returns through an LBO transaction?

Q:

Q 3 [ 2 5 pts ] Given the following data, use annual cash flow analysis to find the better alternative at 1 0 % . \ table [ [ , A , B ] , [ Initial cost , $ 3 0 , 0 0 0 , $ 1 2 , 0 0 0

Q:

Scenario People are always looking for a good recommendation for help with household jobs and chores, such as handyman work, cleaning, and moving. You recognize the business potential of linking...