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
Lina20 [59]
2 years ago
11

Identify values of, P, r, n, and t for the following compound interest problem and use those values and the following compound i

nterest balance function to answer the question. B left parenthesis t right parenthesis equals P times open parentheses 1 plus r over n close parentheses to the power of n times t end exponent What would be the balance in Marty’s account after 5.75 years if he initially deposited $1,500 and his bank paid him compound interest at an annual rate of 4.8%, compounded monthly?
Business
1 answer:
Crank2 years ago
7 0

P, r, n, and t for the following compound interest problem and use those values and the following compound interest balance function :- p=20 , r=8 , n=64 , t=4 year

what is compound interest?

Compound interest, also known as interest on principal and interest, is the practice of adding interest to the principal amount of a loan or deposit. It occurs when interest is reinvested, or added to the loaned capital rather than paid out, or when the borrower is required to pay it, so that interest is generated the next period on the principal amount plus any accumulated interest. In finance and economics, compound interest is common.

In contrast to simple interest, which does not compound since past interest is not added to the principal for the current period, compound interest allows interest to build over time. The interest per period multiplied by the number of periods in a year yields the simple annual interest rate.

To learn more about compound interest with the help of given link:

brainly.com/question/18456266

#SPJ4

You might be interested in
A----- is a plan in which an individual balances available resources and expenses.
Simora [160]

A<u> "budget"</u> is a plan in which an individual balances available resources and expenses.


Budgeting is the essential way that you can take control of your accounts. Basically, a budget is a composed arrangement for how you will spend your cash. You can make a month to month or a yearly spending plan. The budget enables you to settle on money related choices early, which makes it less demanding to cover every one of your costs consistently. Budgeting reliably can enable you to turn your accounts around and start to fabricate riches.

3 0
3 years ago
Read 2 more answers
Which of the following would NOT cause a shift in supply? A. changes in the price of inputs B. changes in the price of other goo
adell [148]

Answer:

C.

Explanation:

<em>The correct answer would be changes in consumer input.</em>

The supply of a good can be influenced by changes in the price of inputs for that goods, changes in the price of substitute goods, as well as changes in technology that positively or negatively affect the production of such goods.

What will not affect the supply of any good is changes to consumer's input. An input generally referred to a substance that is required to produce an output. Unless the consumer of a good is also the producer of that good, a consumer's input will not impact the supply of a product.

The correct option is C.

4 0
3 years ago
Based on the information given, indicate whether the following industry is best characterized by the model of perfect competitio
alina1380 [7]

Answer:

a- monopolistic competition

b- perfect competition

c- monopoly

d- oligopoly

Explanation:

Industry A is a monopolistically competitive industry

Industry B is a perfectly competitive industry

Industry C is a monopoly industry

Industry D is an oligopoly industry

6 0
3 years ago
Which are results of regulation in a mixed-market economy? Check all that apply.
solong [7]

<u>Answer:</u> Option 1 and Option 5

<u>Explanation:</u>

In mixed economies under the government regulation most of the production is done by private ownership. There is very little government intervention. The main aim of the government intervention is to make sure that the private business activities comply with the law of the country.

Another result of government regulation is to control the externalities created by these business structures. Government ensures there is no externality which affects the market as well as the people. Due to these regulations there is no advantages for producer or government. Also the markets cannot be controlled with these regulations in mixed market economy.

8 0
3 years ago
Read 2 more answers
In february 1898, what ship exploded in havana harbor with a loss of nearly 270 lives?
Dmitriy789 [7]
The battleship Maine
4 0
4 years ago
Read 2 more answers
Other questions:
  • Select the law that determines if the strategy is legal or illegal. 1. WCG agrees with its cell plan competitors to raise prices
    8·1 answer
  • Which of the following goals does the government pursue in a socialist economic system
    5·1 answer
  • The following units of an inventory item were available for sale during the year. Use this information to answer the following q
    14·1 answer
  • Like every individual business must have
    15·1 answer
  • Headland Co. has a held-to-maturity investment in the bonds of Schuyler Corp. with a carrying value of $79,200. Headland determi
    15·1 answer
  • ___________ is the current strategy for many manufacturers where a company produces a large quantity of items but customizes the
    15·1 answer
  • A marketing
    6·1 answer
  • Wally owns 200 acres of land.Wally offers to sell the land to Robert for $1,500 per acre.Robert replies that he does not need 20
    11·1 answer
  • Instead of FDI, a company could choose ______, which involves producing goods at home and shipping them overseas, or ______, whi
    5·1 answer
  • As a recently hired financial analyst, you have been asked to analyze the efficiency with which Caterpillar has been managing it
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!