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Marina86 [1]
2 years ago
8

Sally opens a bank account with $500. The account accrues 5% interest compounded annually.

Mathematics
1 answer:
Yuri [45]2 years ago
3 0
500 x 1.05^4 

it's 4 periods because the interest rate is compounded yearly. 5 percent yearly increase is equal to P x 1.05
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Suppose a 95% confidence interval for μ turns out to be (1,000, 2,100). give a definition of what it means to be "95% confident"
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In repeated sampling, 95% of the intervals constructed would contain the population mean.

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3 years ago
Zuma earns $12.50 an hour. How many hours must she work to earn $500?
bixtya [17]

Answer:

40 hours

Step-by-step explanation:

500 ÷ 12.5 = 40

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What fraction is equal to .66?<br><br> A.1/3<br><br> B.1/5<br><br> C.2/3<br><br> D.2/4
photoshop1234 [79]
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2 years ago
A number c minus 4.3 is no less than 16. write this word sentence as an inequality.
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6 0
2 years ago
Adisa borrows $5,000 at 14% interest, compounded twice a year. How much does she owe at the end of 8 years?
N76 [4]

The borrower owes $14,760.82  at the end of 8 years

What is compounding interest?

Compounding interest means that earlier interest would earn more interest in the future alongside the loan principal.

Note that in this case the loan continues to accumulate interest because there no repayments, in other words, the loan balance after 8 years, which comprises of the principal and interest for 8 years can be computed using the future value formula of a single cash flow(the single cash flow is the principal) as shown thus:

FV=PV*(1+r/n)^(n*t)

FV=loan balance after 8 years=unknown

PV=loan amount=$5,000

r=annual interest=14%

n=number of times in a year that interest is compounded=2(twice a year)

t=loan period=8 years

FV=$5000*(1+14%/2)^(2*8)

FV=$5000*(1.07)^16

FV=$5000*2.95216374856541

FV=loan balance after 8 years=$14,760.82

Find out more about semiannual compounding on:brainly.com/question/7219541.

#SPJ1

4 0
2 years ago
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