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
worty [1.4K]
3 years ago
12

You deposit $1000 into a savings plan at the end of each

Chemistry
1 answer:
Aloiza [94]3 years ago
4 0

Answer:

FV = $3506.112

Interest = $506.112

Explanation:

We are given;

Annual deposit; A = $1000

Interest rate; i = 8% = 0.08

Number of years; n = 3

The value of the annuity after 3 years will be gotten from the formula;

FV = A[((1 + i)ⁿ - 1)/i](1 + i)

FV = 1000(((1 + 0.08)³ - 1)/0.08)(1 + 0.08)

FV = 1000(1.08⁴ - 1.08)/0.08

FV = $3506.112

Since you deposited $1000 each year, then after 3 years, total deposited = 3 × 1000 = $3000

Since FV = $3506.112, then interest = $3506.112 - $3000

Interest = $506.112

You might be interested in
PLEASE HELP WITH EASY 8th GRADE SCIENCE!!
atroni [7]
I think c is the right answer
8 0
3 years ago
Read 2 more answers
What is a cercaria?<br> *zoology
Vsevolod [243]

Answer:

a free swimming larval stage in which a parasitic fluke passes from an intermediate host to another intermediate host

6 0
3 years ago
When collecting a gas over water, the gas is always a mixture of the gas collected and water vapor. question 5 options:
Lunna [17]

When collecting gas over water, the gas is always a mixture of the gas collected and water vapor. This statement is true.

The gaseous phase of water is known as water vapor or aqueous vapor. Within the hydrosphere, it is one type of water state. Water vapor can be created by the boiling or evaporation of liquid water as well as by the sublimation of ice. Like the majority of other atmospheric elements, water vapor is transparent. The mist that hovers above a saucepan of boiling water is an illustration of water vapor.

Gaseous water, particularly when it is distributed in the atmosphere. Steam. The most frequent greenhouse gas is water vapor. It contributes to around half of the planet's warming. It absorbs heat that is projected upward from the earth while letting practically all sunlight reach the planet's surface like other greenhouse gases do.

To learn more about water vapor please visit -
brainly.com/question/20899075
#SPJ4

6 0
2 years ago
Which of the following is true about homogeous mixtures
sergey [27]
Was there supposed to be a picture?
4 0
3 years ago
What are three steps scientist take to evaluate a scientific explanation
Varvara68 [4.7K]
Prediction, control and experiment
5 0
3 years ago
Other questions:
  • Which of the following best describes an empirical formula?
    13·1 answer
  • Suppose you place a hot pack into a vacuum chamber and the hot pack caused the temperature to rise from 21 degrees to 23 degrees
    10·1 answer
  • Calculate the Molecular or Formula massof each of the following:
    8·1 answer
  • How is the le chatelier's principle used to ensure the reaction will go to completion?
    8·1 answer
  • Approximately how old is the Sun?
    11·2 answers
  • For the reaction KClO2⟶KCl+O2 KClO2⟶KCl+O2 assign oxidation numbers to each element on each side of the equation. K in KClO2:K i
    10·2 answers
  • If the half-life of a radioisotope is 10,000 years, the amount remaining after 20,000 years is
    13·1 answer
  • What of the following properly converts 123.45 to 1 significant digit?
    6·1 answer
  • Sea floor spreading occurs at a mid-ocean ridge true or false
    6·1 answer
  • Which of the four substances listed will dissolve in water and why?
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!