Ask question

Ask question

All categories

3 years ago

6

You deposit $7,500 into an account. After 10 years, the account is worth $44,187.02. If the interest compounds quarterly, calcul

ate the annual interest rate.

1 answer:

Degger [83]3 years ago

3 0

The quarterly interest rate is
.. (44187.02/7500)^(1/40) -1 = 0.0453358
so the annual rate is 4 times that amount, about 18.13%

You might be interested in

(9) There are 18 elephants in a herd. The number of adult elephants is two times the number of young elephants in the herd. How

jekas [21]

12 adult elephants, 6 young elephants = 18 total :)

7 0

3 years ago

Read 2 more answers

Can anyone help with this problem?

Pie

Answer:

The numerator factors to

$(x + 2)(x - 1)$

The denomenator factors to

$(x + 4)(x - 1)$

7 0

2 years ago

Please help I’m timed

kupik [55]

It’s the second one :)

3 0

3 years ago

Read 2 more answers

The height of a right square pyramid is multiplied by 6, but the area of the base remains fixed. What is the volume of the talle

Butoxors [25]

Answer:

I’m pretty sure it’s 6 but I’m not 100% sure

Step-by-step explanation:

3 0

3 years ago

An example of a negative correlation is:

Dafna1 [17]

Step-by-step explanation:

iphone iphone iphone iphone iphone iphone iphone iphone iphone iphone iphone iphone iphone iphone iphone iphone iphone iphone iphone iphone iphone iphone iphone iphone iphone iphone iphone iphone iphone iphone iphone iphone iphone iphone iphone iphone iphone

7 0

3 years ago