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
Triss [41]
3 years ago
13

Moe puts $1500 in a bank certificate that pays an annual rate of 4.5% compounded annually. No withdrawals or deposits are made.

How much will the certificate be worth (to the nearest dollar) at the end of 7 years?
Mathematics
1 answer:
SpyIntel [72]3 years ago
6 0

Answer:

FV= $2,041.29

Step-by-step explanation:

Giving the following information:

Initial investment (PV)= $1,500

Number of periods (n)= 7 years

Interest rate (i)= 4.5% = 0.045

<u>To calculate the future value, we need to use the following formula:</u>

FV= PV*(1+i)^n

FV= 1,500*(1.045^7)

FV= $2,041.29

You might be interested in
Rafael can choose plan a or Plan B for his long-distance charges. For each plan, cost (in dollars) depends on minutes used (Per
PilotLPTM [1.2K]

Answer:

a. Plan B; $4

b. 160 mins; Plan B

Step-by-step explanation:

a. Cost of Plan A for 80 minutes:

Find 80 on the x axis, and trave it up to to intercept the blue line (for Plan A). Check the y axis to see the value of y at this point. Thus:

f(80) = 8

This means Plan A will cost $8 for Rafael to 80 mins of long distance call per month.

Also, find the cost per month for 80 mins for Plan B. Use the same procedure as used in finding cost for plan A.

Plan B will cost $12.

Therefore, Plan B cost more.

Plan B cost $4 more than Plan A ($12 - $8 = $4)

b. Number of minutes that the two will cost the same is the number of minutes at the point where the two lines intercept = 160 minutes.

At 160 minutes, they both cost $16

The plan that will cost less if the time spent exceeds 160 minutes is Plan B.

4 0
3 years ago
Problem page the sum of two numbers is 47 . the larger number is 17 more than the smaller number. what are the numbers?
user100 [1]
Smaller number = X
Larger Number = X + 17

47 = X + (X+17)
47 = 2x + 17
47 - 17 = 2x
30 = 2x
X = 15
3 0
3 years ago
Guys please help me. I am stuck read the directions to see what to do ps: thanks
AleksandrR [38]
5; 6; 4; 14; 6
12; 2; 2; 68; 21
4; 10; 6; 32; 34
3;4;66;2;5
36;18;3 1/2;12/5;2
that's all i believe
3 0
3 years ago
Read 2 more answers
1. The C major key, starting with the middle C, consists of seven notes (white keys on the piano) with the following frequencies
Lorico [155]
1.) <span>the ratio of the note A to middle C = 440.0 / 261.6 = 1.6820 ≈ 1.6818

2.) </span><span>the ratio of the note D to middle C = 293.7 / 261.6 = 1.1227

3.) </span><span>D# = 293.6 x 1.0595 = 311.1

4.) </span><span>the ratio of the frequency of G to C is 1 : 262/392 = 1 : 0.6683 ≈ 3 : 2

5.) </span><span>the ratio of the frequency of E to C = 1 : 262/330 = 1 : 0.7939 ≈ 5 : 4

6.) The </span><span>component in a musical note is referred to as the pitch of a sound is the frequency.</span>
8 0
3 years ago
Read 2 more answers
A small acting club has 4 members. three of the members are to be chosen for a trip to see a broadway play. how many different 3
Gnesinka [82]
I think the answer is 4 different possibility's.
8 0
3 years ago
Other questions:
  • 20 PTS
    9·1 answer
  • Oder the Decimals below from least to greatest.<br><br> 2.09 2.9 2.19 2.009 2.901
    15·2 answers
  • Does anyone know the answer to this
    5·1 answer
  • Describe two ways you can use a table to write a proportion
    5·1 answer
  • Find parametric equations for the line parallel to r=(6,-8) and passing through P(9,-1)
    13·1 answer
  • Determine whether a(2,3) b(7.12) and c(-5.-24)
    11·1 answer
  • PLEASE HELP ME ON THIS<br><br> BRAINLIEST AVAILABLE IF YOU ANSWER CORRECTLY
    6·2 answers
  • she had a shoe box full of 5 cents 6 cents and 7 cents what totals could she make and what totals were impossible
    11·1 answer
  • Factorise fullyc^3+ c^2​
    5·1 answer
  • Solve for EG. A) 18 B) 12 9 D) 6​
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!