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Arte-miy333 [17]
3 years ago
10

Now, assume that Addison’s savings institution modifies the terms of her account and agrees to pay 5.8% in compound interest on

her $1,000 balance. All other things being equal, how much money will Addison have in her account in nine years?
Business
1 answer:
love history [14]3 years ago
5 0

Answer:

Addison will have $ 1,661 in her account in nine years.

Explanation:

This problem requires us to calculate value of our investment of $ 1000 dollars after nine years. The interest on the investment is 5.8% compounded annually.

This problem can be solved by using simple compounding formula given below.

Future Value = Present Value (1+interest rate%)^-period

Future Value = 1,000 (1+5.8)^9

Future = $ 1,661

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Frank cannot claim Anna or Marvin as a dependent.

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Because Frank gives Anna and Marvin every support, support tests are straightforward.

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Which of the following terms refers to a promise made to lenders by a borrower?
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Covenant.

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4 0
2 years ago
Keith and Dena Diem have personal property coverage with a​ $250 limit on​ currency, a​ $1,000 limit on​ jewelry, and a​ $2,500
netineya [11]

Answer:

Total Claim = $2416

Explanation:

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Total Claim = $2916 - $500 = $2416

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3 years ago
In 2009, __________ of all pedestrian fatalities were caused by impaired drivers.
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Over 90 percent of the pedestrian fatalities occurred in single- vehicle crashes. In 2009, pedestrian deaths accounted for 12 percent of all traffic fatalities in motor vehicle traffic crashes. Since 2000, the number of pedestrian fatalities has decreased by 14 percent.
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3 years ago
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