The amount of money in the account after 10 years is $278,814.10.
<h3>What will be the value of the account after 10 years?</h3>
The first step is to determine the amount she has left to invest.
Amount invested = amount won - amount spent on vacation
$250,000 - $10,000 = $240,000
The second step is to determine the future value of the account. The formula for calculating future value:
FV = P (1 + r)^nm
- FV = Future value
- P = Present value
- R = interest rate = 1/5/12 = 0.125%
- m = number of compounding =12
- N = number of years
240,000 x 1.00125^(12 x10) = $278,814.10
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Answer:
Yes
Step-by-step explanation:
A yard is equivalent to 3 feet. If a singular doormat is 2 feet long then two doormats placed in a line would be 4 feet long. 4 > 3 meaning they would be longer than a yard.
Answer:
Following are the Arithmetic Operators available in Rexx. Operator, Description, Example. +, Addition of two operands, 1 + 2 will give 3
Step-by-step explanation:
Answer:
46÷4 = 11.5
so tha answer is $11.50
Step-by-step explanation:
brainliest plz
Answer:
788.13 to the nearest hundredth.
Step-by-step explanation:
Let A be the total amount in the account after 3 years.
The formula is A = P(1 + x/100)^t .
Here P = 5000, x = 5 % and the time t = 3. years.
Amount after 3 years = 5000(1 + 5/100)^3
= 5788.13
So the Interest is 5788.13 - 5000
= 788.13.