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WINSTONCH [101]
3 years ago
11

If a person wants to have $2000 after 4 years, how much would they have to deposit into an account that pays 6.5% interest compo

unded monthly?
Mathematics
1 answer:
V125BC [204]3 years ago
4 0

Answer:

The amount is $2572.93 and the interest is $572.93.

Step-by-step explanation:

STEP 1: To find amount we use formula:

A=P(1+rn)n⋅t

A = total amount  

P = principal or amount of money deposited,

r = annual interest rate  

n = number of times compounded per year

t = time in years

In this example we have

P=$2000 , r=6.5% , n=1 and t=4 years

After plugging the given information we have

AAAA=2000(1+0.0651)1⋅4=2000⋅1.0654=2000⋅1.286466=2572.93

STEP 2: To find interest we use formula A=P+I, since A=2572.93 and P = 2000 we have:

A2572.93II=P+I=2000+I=2572.93−2000=572.93

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Plz help me with this final!!!
Stells [14]

Answer:

Please check the explanation.

Step-by-step explanation:

Given

  • The location of Point A on the number line = -13.4
  • The location of Point B on the number line  = 14
  • The location of Point C on the number line  = 19.9

The location of Point C on the number line  = 19.9

Thus, the distance or length between B and C can be calculated by subtracting the point B units from point C units.

BC = 19.9 - 14

      = 5.9 units

Therefore,

BC  = 5.9 units

Also, the distance or length between C and A can be calculated by subtracting the point C units from point A units.

CA = -13.4-19.9

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Therefore,

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As the length or distance can not be negative, hence

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3 years ago
Identify the measures of exterior angle below. Let x = 15
lisov135 [29]
Plug in x as 15 and solve
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3 years ago
The ratio of the base edges of two similar pyramids is 3:4. The volume of the larger pyramid is 320 in3. What is the volume of t
Andre45 [30]
Use similar volume to calculate
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Lelechka [254]

5x+2y = 5.84 is the equation for maddi.

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1/4 is smallest.

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