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
Harman [31]
3 years ago
13

Lacy opened a savings account and deposited $100. The account earns 6% interest compounded monthly if she wants to use the money

to buy a new bicycle in two years how much will she be able to spend on the bike
Mathematics
1 answer:
Dafna11 [192]3 years ago
5 0

Answer:

Future Value= $112.72

Step-by-step explanation:

Giving the following information:

Initial deposit (PV)= $100

Number of periods (n)= 2*12= 24 months

Interest rate (i)= 0.06/12= 0.005

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

FV= PV*(1 + i)^n

FV= 100*(1.005^24)

FV= $112.72

You might be interested in
Shelby charges $12 an hour for lawn care. Over the summer, he earne
asambeis [7]

Answer:

Don't be lazy, do it by yourself for more brain work!

Step-by-step explanation:

6 0
2 years ago
The Stock Market nadia is a stockbroker. earns ​% commission each week. Last​ week, she earned ​$ in commission. How much were h
Bond [772]
Hi my name is nadia so i felt like answering this lol. this question is missing a lot of things. it doesn’t look like i can answer it.
5 0
2 years ago
Which expressions listed on the left are equivalent to √36a^8/225a^2? Check all that apply. (Assume that a ≠ 0.)
MAVERICK [17]

Answer: ABE

Step-by-step explanation:

5 0
3 years ago
Mateo went out to eat dinner, and the meal cost $30.00. If Mateo received a 12% discount, what was the total value of the discou
Vanyuwa [196]

Answer:

3.6

Step-by-step explanation:

4 0
3 years ago
(45 POINTS AND BRAINLIEST FOR FIRST ANSWER)
dezoksy [38]

Addition: negative four plus negative four plus negative four equals negative twelve

Multiplication: negative four times three equals negative twelve

Division: twelve divided by 3 equals negative four

8 0
3 years ago
Read 2 more answers
Other questions:
  • After 2 females leave a party, there are twice as many males as females. Then 9 males leave and there are twice as many females
    8·1 answer
  • Help me tell me the answers
    7·2 answers
  • A new car is purchased for 16400 dollars. The value of the car depreciates at 8.25% per year. What will the value of the car be,
    8·2 answers
  • Solve for x and y intercepts
    12·1 answer
  • The graph of f(x) = One-half(2.5)x and its reflection across the x-axis, g(x), are shown. On a coordinate plane, 2 exponential f
    13·2 answers
  • Sylvia and Patrick plotted the information they gathered on the weight of cars and the mileage they get. Then they each drew a l
    9·2 answers
  • Does the point (-694, 24) satisfy the equation y = 295x?​
    14·1 answer
  • Hey Pls Help Im leaving In 10 min <br> What is 5 divided by 7/10
    5·1 answer
  • 2. Brandi deposited $2500 in her bank account. Her account is earning 2.85% interest
    8·1 answer
  • Emma buys a game for $26.84 she gives the clerk $30.00. List Emma’s change using the least amount of dollar bills and coins
    14·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!