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Korolek [52]
2 years ago
13

Kevin has had a checking account for a month. As he reconciles his account, Kevin notices that the dates on his check register d

o not match the dates on his account statement. He immediately calls the bank to find out what the problem is. What is the bank's likely response to Kevin
Mathematics
2 answers:
mariarad [96]2 years ago
6 0

Answer:

D. "The date that the check is written is usually a few days before it is cashed.  We record when it is cashed, and you record when it was written."

Step-by-step explanation:

answer for Plato users

EastWind [94]2 years ago
5 0
You have no more money in your account, do you have insurance?

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Find the balance in an account with $7,000 principal earning 5% interest compounded quarterly
nadya68 [22]

Answer:

The balance is \$11,505.34  

Step-by-step explanation:

we know that    

The compound interest formula is equal to  

A=P(1+\frac{r}{n})^{nt}  

where  

A is the Final Investment Value  

P is the Principal amount of money to be invested  

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t is Number of Time Periods  

n is the number of times interest is compounded per year

in this problem we have  

t=10\ years\\ P=\$7,000\\ r=0.05\\n=4  

substitute in the formula above  

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