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
lesya692 [45]
3 years ago
15

Use the formula for computing future value using compound interest to determine the value of an account at the end of 7 years if

a principal amount of $2,500 is deposited in an account at an annual interest rate of 4% and the interest is compounded daily. (Assume there are 365 days in a year.) Round to the nearest cent as needed.)
The amount after 7 years will be ?
Mathematics
1 answer:
andriy [413]3 years ago
5 0
<span>In 7 years, you will have $3,307.77

Formula:
</span>

<span>A = P (1 + r/n)^<span>(nt)</span></span>

Where:

A = the future value of the investment/loan, including interest
P = the principal investment amount (the initial deposit or loan amount)
r = the annual interest rate (decimal)
n = the number of times that interest is compounded per year
t = the number of years the money is invested or borrowed for

You might be interested in
Complete the square to form a perfect square trinomial x^2-14x+
fiasKO [112]
Answer: x^2 - 14x + 49

Explanation:

1) Divide the coefficient of x by 2:

14 / 2 = 7

2) so you have to add 7^2 = 49

x^2 - 14x + 49

3) that trinomial is equivalent to:

=> (x - 7)^2

4) prove that using the formula (a - b)^2 = a^2 - 2ab + b^2

(x - 7)^2  = x^2 - 14x + 49

Then you have to add 49 to complete the square. and form a perfect square trinomial.
7 0
3 years ago
Simplify (2m^6)^3.
labwork [276]

Answer:

B. 8m ^ 18

Step-by-step explanation:

(2m ^6)^3 is the same as ;

(2 ^1 × m ^ 6) ^ 3.....multiply the powers 1 and 6 by 3

2 ^ (1×3) × m ^ (6×3).....this equals;

2 ^ 3 × m ^ 18

8m^18

hope this helps :)

8 0
3 years ago
Read 2 more answers
Can you please help me out with a question
Finger [1]

The standard equation of a circle is expressed as

(x - h)^2 + (y - k)^2 = r^2

where

h is the x coordinate of the center of the circle

k is the y coordinate of the center of the circle

r is the radius of the circle(the distance from the center of the circle to the circumference

From the graph,

h = - 1

y = 4

r = 5

By substituting these values into the equation, we have

(x - - 1)^2 + (y - 4)^2 = 5^2

(x + 1)^2 + (y - 4)^2 = 25

Thus, the equation of the circle is

(x + 1)^2 + (y - 4)^2 = 25

8 0
1 year ago
What is the rate of change for the function and what does the rate of change represent? A. $50; the cost to rent the boat for 1
KiRa [710]

I personally think its B but you gotta say if its either multiplication or addition or division

3 0
3 years ago
Read 2 more answers
Can someone help me please
Ipatiy [6.2K]
The price of the shoes times .06 will give you the abswer
5 0
3 years ago
Other questions:
  • F(x)=0.825x how to find the inverse
    14·1 answer
  • A point in the figure is selected at random find the probability that a point will be in the part that is not selected
    13·1 answer
  • Which expression is equivalent to the following expression 3+13+3+13+3+13 : a) 3(13) b) 3(3+13) c)3×13 d) 3(3×13)
    5·1 answer
  • Are similar and congruent the same? please explain your answer
    7·1 answer
  • Which of the lines does not intersect the line y=-2x+3?
    8·1 answer
  • A restaurant cook makes 4 gallons of soup to divide equally into 44 bowls.
    12·1 answer
  • can you help me write an equation to this problem four times the sum of a number and is -3 is 27 less than the number
    15·1 answer
  • Vladimir buys 1.20 pounds of Skittles, 7.2 pounds of M&amp;Ms, and 5.2 pounds of pretzels. If the candy cost $1.20 a pound and t
    8·1 answer
  • Two sides of a triangle measure 8 cm and 15 cm. Which could be the length of the third side?
    14·2 answers
  • 10 = 2j – 4 <br> what does j =
    5·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!