1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
denis-greek [22]
2 years ago
11

If $25, 000 is invested into an account paying 4.5% per year, compounded quarterly, how much money can be withdrawn from the acc

ount every two months for the next 6 years?
Mathematics
1 answer:
pogonyaev2 years ago
7 0

The money can be withdrawn from the account every two months for the next 6 years is $20, 625, 000

<h3>What is compound interest?</h3>

The formula for compound interest is given as;

A = P ( 1 + \frac{r}{n} )^n^t

P = principal interest = $25, 000

r = rate = 4. 5%

n = 2 months

t = 6 years

A = 25, 000 ( 1 + \frac{4. 5}{2} )^2 ^*^6

A = 25, 000(1 + 0. 75)^1^2

A = 25, 000( 825. 00)

A = $20, 625, 000

Thus, the money can be withdrawn from the account every two months for the next 6 years is $20, 625, 000

Learn more about compound interest here:

brainly.com/question/2455673

#SPJ1

You might be interested in
Rewrite 2+(1/b-2) = (3b/b+2) as a proportion. Which of these proportions is equivalent to the original equation?
lorasvet [3.4K]

Answer: c for the first part

1,6 for the second

nether for the third

Step-by-step explanation:

all on edg

7 0
2 years ago
Read 2 more answers
What are the x-coordinates of the solutions to this system of equations? x2 + y2 = 100 y = x + 2
kiruha [24]

Answer:

x = - 8, x = 6

Step-by-step explanation:

Given the 2 equations

x² + y² = 100 → (1)

y = x + 2 → (2)

Substitute y = x + 2 into (1)

x² + (x + 2)² = 100

x² + x² + 4x + 4 = 100

2x² + 4x + 4 = 100 ( subtract 100 from both sides )

2x² + 4x - 96 = 0 ( divide through by 2 )

x² + 2x - 48 = 0 ← in standard form

(x + 8)(x - 6) = 0 ← in factored form

Equate each factor to zero and solve for x

x + 8 = 0 ⇒ x = - 8

x - 6 = 0 ⇒ x = 6

6 0
2 years ago
3w-4z=8<br> 2w+3z=-6 solve
marissa [1.9K]

Answer:

W = 0

Z = -2

Step-by-step explanation:

While simplyfying the equation, i noticed that one is 24 and the other is -24, which meant that one value is non existent, and after i found out that w = 0 imputing the reslut made that easier

4 0
2 years ago
If f(x) = x* and g(x) = 3+8x?, find g(f(x)).
zhuklara [117]

g(8x-3)=x

have a good day

6 0
2 years ago
Identify the domain and range of the table.
aleksley [76]
The domain and range of the table is 568
7 0
3 years ago
Other questions:
  • Consider the polynomial function g(x) = 5x + 25 + 923
    10·1 answer
  • SURDS
    9·1 answer
  • Solve the equation 8x + 4y= -24 for y​
    7·2 answers
  • Which of the following is the graph of y=squareroot(-x-3)
    13·1 answer
  • two cylindrical candles have a scale factor of 3:5. The larger candle has a volume of 40(3.14) cubic inches. Fund the volume of
    15·1 answer
  • Factors of 72 that add up to 18
    12·1 answer
  • Suppose a city with population 100,000 has been growing at a rate of ​8% per year. If this rate​ continues, find the population
    7·1 answer
  • Please answer quickly i don’t have much time (The photo has the problem) also if you could include a explanation please do
    12·1 answer
  • The shape shown consists of three sides of a rectangle together with a semicircle. Which of the following is
    5·1 answer
  • I NEED THIS DONE ASAP ILL MARK YOU THE BRAINLIEST
    13·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!