3 years ago

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

1 answer:

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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If 2000 dollars is invested in a bank account at an interest rate of 6 percent per year, find the amount in the bank after 7 yea

AfilCa [17]

Answer:

$3007.26

Step-by-step explanation:

Step one:

given data

Principal= $2000

rate= 6%= 0.06

time= 7years

Required:

The final amount A

Step two:

the expression for the compound interest is

$A= P(1+r)^t$

substituting we have

$A= 2000(1+0.06)^7\\\\A= 2000(1.06)^7\\\\A=2000*1.50363\\\\A=3007.26$

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3 years ago

Solve for h<br><br> h – 5 = -30<br><br> Make sure to show your work for full points!

Zielflug [23.3K]

H-5 = -30
Add 5 to both sides to get variable h by itself
h = -25

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3 years ago

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xxTIMURxx [149]

Answer:

-21

Step-by-step explanation:

f(-3) = -4(-3)² + 15 = -4(9) + 15 = -36 + 15 = -21

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3 years ago

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Y_Kistochka [10]

Answer:

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Step-by-step explanation:

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Allison has five times as many baseball cards and football cards in all she has 120 baseball and football cards how many basebal

ValentinkaMS [17]

I think you do 120 divided by 5, but I could be wrong.

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3 years ago

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

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