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If $25, 000 is invested into an account paying 4.5% per year, compounded quarterly, how much money can be withdrawn from the acc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The money can be withdrawn from the account every two months for the next 6 years is $20, 625, 000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Thus, the money can be withdrawn from the account every two months for the next 6 years is $20, 625, 000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
jade buys a blouse and a skirt for 3/4of thier original price jade pays a total of 31.50 for the two items if the original price
aleksandrvk [35]

Answer: the original price of the skirt is $24

Step-by-step explanation:

Let x represent the original price of the skirt. if the original price of the blouse is 18, then the original price of the skirt and blouse is (x + 18)

Jade buys a blouse and a skirt for 3/4of their original price. It means that the amount at which she bought the skirt and blouse is

0.75(x + 18)

Applying the distributive property, it becomes

0.75x + 13.5

Jade pays a total of 31.50 for the two items. It means that

0.75x + 13.5 = 31.5

0.75x = 31.5 - 13.5

0.75x = 18

x = 18/0.75

x = $24

3 0
3 years ago
Please help I dont understand
Degger [83]

Answer:

I think it is B

Step-by-step explanation:

mark me brainliest

3 0
2 years ago
Read 2 more answers
What is one plus four
wariber [46]

Answer:

1+4=5?

Step-by-step explanation:

5..?yeah...um..thx for the free points..^^

8 0
3 years ago
Read 2 more answers
If x is 6, then 7x =
Lana71 [14]

I think it's 42 since 7x6=42

3 0
3 years ago
Consider the numbers 4 and √5. Which operation(s) will result in an irrational number?
tekilochka [14]

Answer: D (both the sum and the product).

Step-by-step explanation:

Let's add: 4 + sqrt5 will still seem irrational.

Let's multiply: 4*sqrt5 = 4sqrt5, which is irrational.

5 0
2 years ago
Other questions:
  • 700 tickets were sold for a game for a total of $1,187.50. If adult tickets sold for $2.00 and children's tickets sold
    12·1 answer
  • Which solid figure has seven vertices?
    15·2 answers
  • Product of 3 and 25 plus the product of 5 and 30? <br><br><br> It has to be an expression
    8·2 answers
  • Which system is equivalent to​
    10·2 answers
  • Riley has a piece of yarn that is 6 1 2 ft long. She wants to cut the yarn into sections that are each 1 4 ft long. How many sec
    5·2 answers
  • Find all values of x that make the equation -4(x-2)(4x+3)(x-6)​
    14·1 answer
  • Find the slope of (-2,1),(2,-2)
    8·2 answers
  • Which of the following sets contains only rational numbers?
    8·1 answer
  • Need help with this math 3 part question!!!
    11·1 answer
  • Plsss helpp i will mark as brainly
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!