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
son4ous [18]
2 years ago
13

If $2940 is invested at 3.2% compounded quarterly, how much is in the account after 8 years?

Mathematics
1 answer:
tino4ka555 [31]2 years ago
3 0

Answer:

The future value is $3793.776

Step-by-step explanation:

Given

PV = 2940 --- present value

r = 3.2\% --- rate

t = 8 --- time

n = 4 --- quarterly

Required

Determine the future value

This is calculated using:

FV = PV(1 + \frac{r}{n})^{nt

So, we have:

FV =2940 * (1 + \frac{3.2\%}{4})^{4*8

FV =2940 * (1 + \frac{3.2}{400})^{32

FV =2940 * (1 + 0.008)^{32

FV =2940 * (1.008)^{32

FV =2940 * 1.2904

FV =3793.776

You might be interested in
What is the area of this triangle? base = 5 mm Height = 6mm
hichkok12 [17]
Area of a triangle can be found using the equation base x height / 2 

(5)(6)/2 = 30/2 = 15

The area of the triangle is 15mm
5 0
3 years ago
Read 2 more answers
Simplify the expressions.<br> i^23
masha68 [24]

Answer:

-i

Step-by-step explanation:

i^0=1

i^1=i

i^2=-1

i^3=-i

i^4=1

This repeats so we want to see how many 4 factors of i there is in i^(23) which is 5 with a remainder of 3.

So i^(23)=i^3=-i.

i^(23)=i^(5*4+3)=(i^4)^5 * (i^3)=(1)^5 * (-i)=1(-i)=-i.

8 0
3 years ago
During the year 2011 season a quarterback passed for 302 yd per game he played on my 16 regular season game for that year for ho
Oksanka [162]

Answer:

4,832 yards

Step-by-step explanation:

302x16=

5 0
2 years ago
Graph the line with slope -2/3 passing through the point (3, 3).
Natasha2012 [34]

Answer:

Step-by-step explanation:

y - 3 = -2/3(x - 3)

y - 3 = -2/3x + 2

y = -2/3x + 5

5 0
2 years ago
9 + 10? <br><br>I'm 5 years old idk what I'm using buh fu
just olya [345]
The answer is 19. Hopefully this helps 

5 0
3 years ago
Read 2 more answers
Other questions:
  • Here are the total scores of 10 students in an introductory statistics course.
    10·1 answer
  • what is the answer to the multiplication problem. Jhon has 20 fish if he lets 6 fish go how many fish dose Jhon have?
    9·1 answer
  • What are equivalent to2x+4
    9·1 answer
  • How do you find the slope when you are only given an equation or a table?
    15·2 answers
  • Help meee it's pythagorean theorem, just need answers plsssssss
    5·1 answer
  • An archaeologist at a dig sets up a coordinate system using string. Two similar artifacts are found one at position (1, 4) and t
    15·1 answer
  • Pls help due tomorrow just numbers 7 - 12
    13·1 answer
  • Kesha it’s plain to rent a van for a trip to Mt.rainier two of her friends each went to the same type of van from the same car r
    12·1 answer
  • Answer y + 7 = 18 show your work
    14·2 answers
  • Given a ║ b, m∠3 = 5x + 10, and m∠5 = 3x + 10, find the value of x.​
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!