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
N76 [4]
3 years ago
7

What is the final amount of $70.00 that is put into a savings account with 16% interest rate for 25 years, if the interest is co

mpounded 4 times per year?
Mathematics
1 answer:
grigory [225]3 years ago
8 0
<span>here is the compound interest formula: A=P(1+<span>rn</span><span>)<span>nt
A= amount at maturity</span></span></span> P = principal amount = $70
r = Annual interest rate in decimal = 16% = 0.16
n = compounding period (compounded how many times a year) = 4
t = years invested = 25
You might be interested in
Felix Carson is employed at a high school. He has family medical coverage through the school's
Lady bird [3.3K]

Answer:

$56.77 each week

Step-by-step explanation:

He pays for 30% of 9867 per year.

9867*0.3=2960.1

Divide the answer by number of weeks in a year.

= $56.7689

Round.

4 0
3 years ago
Please help me with this question​
Lyrx [107]

Answer:

A

Step-by-step explanation:

Here is a site to help you...that my teacher showed me...when you search it it will show this...just click graphing calculator

desmos.com

5 0
3 years ago
Help hell help help gelp help
IgorC [24]
Just read what it says not that hard go to the left twice and go up 4 units.

Hope you have a good day
3 0
3 years ago
Bruce went to sleep at 9:00 pm and set old-shchool analog alarm clock to ring when he wanted to wake up the next morning: at 10:
Anni [7]
If he goes to bed at 9:00 pm, and wakes up at 10:00 am he will have slept 13 hours.
3 0
1 year ago
Find m Round to the nearest degree.<br> B<br> 7<br> C<br> 13<br> 9<br> A
Shtirlitz [24]

steesdpkfmspdnvhksdvnsdvspkjjhj pumpkingg

6 0
3 years ago
Other questions:
  • 17. Bob and his friends decide to go bowling. The cost for the group is $10 for shoe rentals plus $4.00 per game. The model for
    11·1 answer
  • 62 62 65 65 115 115 118 118<br> I have no idea how to solve this, will give brainliest
    9·1 answer
  • 7 см, 4 см, 10 см өлшемді тік бұрышты параллелепипедтің толық бетінің (жазбасының) ауданын тап​
    12·1 answer
  • Original price $60 markup 15%
    10·2 answers
  • Find the value of x.
    11·1 answer
  • If someone answers this correctly I'll give em 100 points
    9·1 answer
  • Use the Remainder Theorem to determine whether or not x + 3 is a divisor of p (x) = 2x^3 + 4x^2 - 2x + 12
    14·2 answers
  • A student uses the equation y = 3 - 4x to represent a linear relationship.
    6·1 answer
  • 24.783 is what percent of 75.1
    7·1 answer
  • What is the equation of this graph?
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!