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Ray Of Light [21]
3 years ago
11

Meg invested $16,000 in a savings account. If the annual interest rate is 6%, how much will be in the account in 5 years for qua

rterly compounding? Round your answer to two decimal places.
CORRECT ANSWER IS: 21549.68
Mathematics
1 answer:
nexus9112 [7]3 years ago
8 0

Answer:

In 5 years the account will be $ 21,549.68.

Step-by-step explanation:

Given that Meg invested $ 16,000 in a savings account, if the annual interest rate is 6%, to determine how much will be in the account in 5 years for quarterly compounding, the following calculation must be performed:

16,000 x (1 + 0.06 / 4) ^ 5x4 = X

16,000 x 1,015 ^ 20 = X

16,000 x 1.34685500 = X

21,549.68 = X

Therefore, in 5 years the account will be $ 21,549.68.

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ExtremeBDS [4]

4-9=-5

3×(-5)=-15

49-15=34

Always start with the parentes

6 0
3 years ago
-16+5n=-7(-6+8n)+3<br><br> what is the work for this ?? this is the like only one i cant get
uranmaximum [27]
-16 + 5n = -7(-6 + 8n) + 3   Given
-16 + 5n = 42 - 56n + 3   Distribute
-16 + 5n = 45 - 56n   Collect like terms
61n = 61   Add 56n to the left side and add 16 to the right side
n = 1   Divide 61 from both sides

The answer is n = 1. Remember that when you have a number beside two or more numbers in parentheses, you have to distribute, or multiply the number outside the parentheses by each number inside the parentheses.

Hope this helps!
4 0
4 years ago
Marley borrows $500 to pay for a new computer she will pay back the loan in full in 30 days after she receives her paycheck this
gulaghasi [49]

Answer:

single payment of a loan

Step-by-step explanation:

4 0
3 years ago
PLEASE HELP! IMAGE ATTACHED
Marina86 [1]
The answer is c
Your welcome
4 0
3 years ago
Help me plz idk how to do this :)
Anna35 [415]
Hey there :)
 
Without using a calculator it is not hard to identify where it lies.
√88 

Which are the perfect squares before and after √88 ?
√81 which is 9 and √100 which is 10

Therefore, √88 is between 9 and 10

In case you use a calculator, we can see that:
√88 = 9.38

9 < 9.38 < 10

\boxed {Your \ answer \ will \ be \ 9 \ and \ 10}
6 0
3 years ago
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