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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

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The question in incomplete, complete question is;

Determine the theoretical yield:

Excess aqueous copper(II) nitrate reacts with aqueous sodium sulfide to produce aqueous sodium nitrate and copper(II) sulfide as a precipitate. In this reaction 469 grams of copper(II) nitrate were combined with 156 grams of sodium sulfide to produce 272 grams of sodium nitrate.

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The theoretical yield of sodium nitrate is 340 grams.

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Cu(NO_3)_2(aq)+Na_2S(aq)\rightarrow 2NaNO_3(aq)+CuS(s)

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Then 2 moles of sodium sulfide will react with:

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The theoretical yield of sodium nitrate is 340 grams.

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