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
katrin2010 [14]
3 years ago
8

Jennifer deposits $1,000 into an account that is compounded monthly for 4 years. The account earns 7% interest. What is the endi

ng balance in the account at the end of the 4 years (assuming no new deposits or withdrawals)? SHOW THE WORK PLEASE ​
Mathematics
1 answer:
dedylja [7]3 years ago
3 0

9514 1404 393

Answer:

  $1,322.05

Step-by-step explanation:

The compound interest formula is appropriate.

  A = P(1 +r/n)^(nt) . . . principal P earning annual rate r for t years, compounded n times per year

You have P=1000, r=.07, n=12, t=4, so the balance is ...

  A = $1000(1+.07/12)^(12·4) ≈ $1000(1.322054)

  A = $1,322.05

Jennifer's ending balance is $1,322.05.

You might be interested in
Which of the tables represents a function? Table AInput Output 4 3 3 2 3 1 Table BInput Output 1 3 3 5 5 7 Table CInput Output 0
k0ka [10]

Answer:

The answer is Table B. Because only table B. doesn't have repeating x or domain.

7 0
3 years ago
Read 2 more answers
Last year a ticket to a movie cost $10 this year the price increased by $12 what percent did the price increase?
Phoenix [80]

Answer:

1.2%

Step-by-step explanation:

All you have to do is divide 12 by 10 and you get the answer 1.2.

6 0
4 years ago
Read 2 more answers
A factory has three machines that all manufacture the same engine part. From long historical records the company has determined
Alex Ar [27]

Answer:

Step-by-step explanation:

P(D/M₁) = .04 ( probability of defect from a 1 st machine )

P(D/M₂) = .06

P(D/M₃) = .01

P( M₁ )= .3 ( probability of manufacture from 1 st machine )

P(M₂) = .2

P(M₃)= .5

P( M₁/D) ( Probability of manufacture from 1 st machine , given it is defective )

= P( M₁ )xP(D/M₁) / [P( M₁ )xP(D/M₁) +P( M₂ )xP(D/M₂)+P( M₃ )xP(D/M₃)]

= .3 x .06 / .3 x .06 + .2 x .06 + .5 x .01

= .018 / .035

= 18/35

3 0
3 years ago
The graph f(x)=2^x, reflected across the x axis​
drek231 [11]

Answer:

f(x)= 1/ln (2) *2x +C

Step-by-step explanation:

3 0
3 years ago
The cost of 4 equally-priced pillows, plus 5% sales tax, was $46.20. How much did each pillow cost?
alukav5142 [94]
Each pillow cost $11.50
4 0
3 years ago
Other questions:
  • What is 5x - 6 = 3x -8
    5·2 answers
  • Jessica is saving money for a new sailboat. She has already saved $1,000 and plans to save $150 per week. This situation can be
    14·2 answers
  • 1.You roll a fair six sided die twice.What is the probability of rolling a 3 and then a 5? A.1/3 B.1/6 C.1/12 D.1/36 2.What is t
    11·1 answer
  • A number with more than one digit is called
    13·2 answers
  • A = 1/3h(b+c) solve for b
    7·1 answer
  • Please walk me through the process of solving for the area of this triangle (round to nearest tenth) Thanks!!
    5·1 answer
  • 5x – 3= 17 <br> X=?<br> Find what x equals to.
    6·2 answers
  • Emilia
    8·1 answer
  • List the perfect squares between the numbers 10 and 25 ​
    13·1 answer
  • Pls help me do this :']
    5·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!