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stepan [7]
3 years ago
15

You deposit $5000 in an account earning 2.0% interest compounded quarterly. How much interest will you earn over 12 years? Round

your answer to the nearest cent.​
Mathematics
1 answer:
solmaris [256]3 years ago
6 0

Answer:

The future value of P at interest rate r compounded n times per year for t years is ...

 FV = P(1  +r/n)^(nt)

 4000 = P(1 +.08/4)^(4·10)

 P = 4000·1.02^-40 ≈ 1811.56

$1811.56 must be deposited now in order to have $4000 in 10 years.

Step-by-step explanation:

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PLEASE HELP ASAP!!!!!!!!!!!!!!
lianna [129]

Answer:

n^{25}

Step-by-step explanation:

Hi!

So, a radical is basically a fractional power.

Square roots are numbers to the 1/2.

For example, the square root of 4 is just 4^\frac{1}{2}, or 2.

So for cube root, the 1/2 changes to a 1/3.

This can then be rewritten as n^\frac{75}{3}

or n^{25}

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2 years ago
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I think the answer would be 8
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3 years ago
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Jeremy randomly selected a round tile and a square tile from the sets shown below. What is the probability that Jeremy selected
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D 1/40

Step-by-step explanation:

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2 years ago
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Divide and answer.<br> 2/3 =
Serggg [28]

The Answer to your problem is:


0.666667

6 0
3 years ago
A statistics professor plans classes so carefully that the lengths of her classes are uniformly distributed between 47.0 and 52.
Pavlova-9 [17]

Answer:

0.15 or 15%

Step-by-step explanation:

Since lengths are uniformly distributed, the probability that a class period runs between a two exact times is:

P(x_1\leq x \leq x_2)=\frac{x_2-x_1}{b-a}

In this case, a = 47.0 and b = 52.0 minutes.

The probability that a given class period runs between 50.25 and 51.0 minutes is:

P(50.25\leq x \leq 51.0)=\frac{51.0-50.25}{52-47} \\P(50.25\leq x \leq 51.0)=0.15=15\%

The probability is 0.15 or 15%.

7 0
3 years ago
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