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snow_tiger [21]
3 years ago
9

Hei has $1,300 in a retirement account earning 4% interest compounded annually. Each year after the first, she makes additional

deposits of $1,300. After 5 years, what was her account balance if she did not make any withdrawals? Round each year's interest to the nearest cent if necessary.
The account had a balance of $
after 5 years.
Mathematics
1 answer:
SVEN [57.7K]3 years ago
7 0

Answer:

Her account balance after 5 years is $8702.87

Step-by-step explanation:

1500 (1.05) = 1575 --> after one year

1575 + 1500 = 3075    

3075 (1.05) = 3228.75 --> after two years

3228.75 + 1500 = 4728.75

4728.75 (1.05) = 4965.1875 --> after three years

4965.1875 + 1500 = 6465.1875

6465.1875 (1.05) = 6788.44688 --> after four years

6788.44688 + 1500 = 8288.44688

8288.44688 (1.05) = 8702.86922 --> after five years = $8702.87

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notka56 [123]

1 mile = 5,280 feet.

Convert the 0.25 mile to feet:

0.25 miles = 0.25 x 5,280 = 1,320 feet.

Add the soda shop distance to this:

1,320 + 900 = 2,220 feet.


Total distance is 3 miles and 2,220 feet


5 0
3 years ago
What is the answer to 2 3/4 ÷ 1 5/8
alex41 [277]
Exact form:
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6 0
3 years ago
1. round the result to 2 decimal places. -0.9x+2.8=4.1
lora16 [44]
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5 0
3 years ago
A line passes through the points R(-1,-5) and S(-3,-1). Write the equation of the line through the point A(4,0) that is parallel
IRISSAK [1]
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4 0
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If a new car is valued at $26,000 and 10 years later it is valued at $7000, then what is the average rate of change
frez [133]

Answer:

The change in value is 19,000 altogether and 1900/year

Step-by-step explanation:

Change in value:

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= $26,000 - $7000

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Change in value/year:

change in value/time

= $19,000/10

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7 0
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