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
sertanlavr [38]
3 years ago
12

A high-interest savings account pays 5.5% interest compounded annually. If $300 is deposited initially and again at the first of

each year, which summation represents the money in the account 10 years after the initial deposit?

Mathematics
1 answer:
inessss [21]3 years ago
4 0
That is an annuity and use the attached formula.

Total = 300 * [(1.055)^11 -1] / .055 -300
Total = 300 * <span> <span> <span> 1.8020924036  </span> </span> </span> -1 /.055 -300
Total = 300 * <span>.8020924036 / .055 - 300
</span>Total = 300 * <span> <span> <span> 14.5834982473 </span> </span> </span> -300
Total = <span> <span> <span> 4375.0494741818 </span> </span> </span> -300
Total = <span>4075.05


</span>

You might be interested in
I need a helping hand
skelet666 [1.2K]

Answer:it’s the third one

Step-by-step explanation:

5 0
3 years ago
Read 2 more answers
Find the slope of the line that passes through (65, 100) and (75, 97).
netineya [11]

Answer:

ayee lez gooo!! tysm :)

4 0
3 years ago
What is the value of the value below. <br> 4/5+3/5+3.5*5
inn [45]

Answer:

18.9

Step-by-step explanation:

7 0
3 years ago
1. A café menu has the following choices of cheese and toppings for scrambled
Vinil7 [7]

Answer:

the top answer in your picture is the right answer

Step-by-step explanation:

8 0
2 years ago
PLEASE HELP!!! ILL GIVE BRANLIEST *EXTRA POINTS* dont skip :((
never [62]
A.) some irrational numbers are natural numbers.
5 0
3 years ago
Other questions:
  • 30 POINTS, please help me!
    7·1 answer
  • How are translations represented as a function
    6·1 answer
  • A carton can hold 1,000 unit cubes that measure 1 inch by 1 inch by 1 inch. Describe the demensions of the carton using unit cub
    7·1 answer
  • A function f (x)=-8x^2. What is f (-3)?
    9·2 answers
  • Ms. Edwards is redecorating her office. She has a choice of 8 colors of paint, 5 kinds of curtains, and 6 colors of carpet. How
    11·1 answer
  • What is the solution to question number 33?
    9·1 answer
  • Keira used yards of fabric to make a quilt. After making the quilt, she had yards of the fabric left.
    13·1 answer
  • 4x +5 (3x2-x) - (1+ x + 6x2)<br> i do i solve this
    14·1 answer
  • Helppppppppppppppppppppp
    5·1 answer
  • Veronica and Chad are walking down the street. Veronica walks at a speed of 5 miles per hour, and Chad walks at a speed of 4 mil
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!