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Bad White [126]
4 years ago
10

Find the present value that will grow to ​$23,000 if interest is 5​% compounded quarterly for 19 quarters.

Mathematics
1 answer:
brilliants [131]4 years ago
6 0
Find the present value that will grow to ​$23,000 if interest is 5​% compounded quarterly for 19 quarters.

Used compound interest formula.

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Michelle's father deposited $1,000 into a savings account when she was born. The annual interest rate is
Zarrin [17]

Answer:

0. $1,000  1. $1,045  2. $1,092.03  3. $1,141.17  4. $1,192.52. 5. $1,246.18     6. $1,302.26  7. $1,360.86  8. $1,422.10

Step-by-step explanation:

First you start with the beginning balance of $1,000 dollars, then you multiply that by 1.045 to get $1,045 dollars after one year. Then you multiply $1,045 by 1.045 to get $1,092.025 (monetarily correct, it would be $1,092.03) after the second year. Then you multiply $1,092.025 (keeping it un-rounded for precision) by 1.045 to get $1,141.16612 after the third year. Then you multiply $1141.16612 by 1.045 to get $1,192.5186 after the fourth year. Multiply $1,192.5186 by 1.045 to get $1,246.18193 after the fifth year. Multiply $1,246.18193 by 1.045 to get $1,302.26012 after the sixth year. Multiply $1,302.26012 by 1.045 to get $1,360.86182 after the seventh year. Multiply $1,360.86182 by 1.045 to get $1,422.10061 after the eighth year. Basically, Michelle is going to be a trust fund baby by the time she's twenty and she won't have to worry about college if she works hard and does well in high school.

8 0
3 years ago
Write the ratio as a fraction in simplest form, with whole numbers in the numerator and denominator. 24 kg : 28 kg
ella [17]
6/7 is the ratio in simplest form. 
You take 24/28 and divide it by their GCF, which is 4. 
24/28 divided by 4/4 is 6/7.
4 0
3 years ago
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What is greater 30% or 0.03
Orlov [11]
30 percent is greater because o0.03 is actually 3 Percent
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Simplify the expression ~ 1.7 - 2.7 - 1.34 + 4.9 - 148 ~
Rainbow [258]

Answer:

-145.44

Step-by-step explanation:


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4 years ago
Which of the following is the graph of y = 4x + 2?
BARSIC [14]
Your graph should look like this

6 0
3 years ago
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