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
Anna007 [38]
2 years ago
11

A deposit of $1000 is made in an account that earns 8% interest compounded quarterly. The balance in the account after n quarter

s is given by the following sequence. Find the balance in the account after ten years.
a
=100.000)
n=1,2,3
The balance after ten years.
Mathematics
1 answer:
Lilit [14]2 years ago
7 0

The balance after ten years is $2,208.04.

When an amount of money is compounded quarterly, it means that the amount deposited and the interest earns interest every quarter. The formula that can be used to determine the balance in 10 years is:

FV = P (1 + r)^nm

  • FV = Future value  
  • P = Present value = $1000
  • R = interest rate = 8%/4 = 2%
  • m = number of compounding = 4  
  • N = number of years = 10

$1000 x (1.02)^40 = $2,208.04

To learn more about future value, please check: brainly.com/question/18760477

You might be interested in
An airplane pilot over the Pacific sights an atoll at an angle of depression of 5 . At this time, the horizontal distance from t
Aleonysh [2.5K]

Answer:

404.98 m

Step-by-step explanation:

The angle of depression is 5°

The horizontal distance from the airplane to the atoll is 4629 meters.

We need to find the height of the plane.

If we consider a triangle. 4629 meters will be the base and angle is 5°. Let h is the height of the plane. Using trigonometry to find it :

\tan\theta=\dfrac{x}{4629 }\\\\\tan(5)=\dfrac{x}{4629 }\\\\x=\tan(5)\times 4629 \\\\x=404.98\ m

So, the height of the plane is 404.98 m.

6 0
3 years ago
35=11x. i need help
V125BC [204]

Answer:

x= 35/11

Step-by-step explanation:

steps

35 = 11x

swich sides

11x = 35

Divide both sides by 11

11x/11 = 35/11

simplify

x = 35/11

5 0
3 years ago
Select each equation which is equivalent to 60% of 25.
Maksim231197 [3]

The equation which is equivalent to 60% of 25 is x = 0.6 * 25

An equation is used to show the relationship between variables, numbers.

Let x represent the value of 60% of 25. Hence:

x = 60% of 25

x = 0.6 * 25

Hence the equation which is equivalent to 60% of 25 is x = 0.6 * 25

x/25 = 60/100

6/10 = x/25

6 0
2 years ago
The table shows the number of students in a class who play on a school team and/or are members of a school club:
eimsori [14]
This one is very simple.

create a simple equation to find out

15 = 12 + x

subtract 12 from each side

x= 3

the missing number is 3

or, to be even simpler, take the total, subtract the total from the number you know and the difference is the missing number.

hope I helped



ALSO, we can check going down vertically. 3 + 10 =13. this is the total listed at the bottom.
3 0
3 years ago
6.<br> 12(30-12)<br> 3<br><br><br><br> helpppp
NemiM [27]

Answer:

648 is your answer

Step-by-step explanation:

hope this helps!!

3 0
3 years ago
Read 2 more answers
Other questions:
  • 75% of 48is what number? 22 is what percent of 40?
    5·2 answers
  • 
The table shows the solution to the equation |2x − 5| − 2 = 3:


    7·2 answers
  • Are the areas of two congruent figures equal? Explain. Draw a diagram to support your answer.
    9·1 answer
  • Which expression gives the surface area of a sphere with radius r​
    14·2 answers
  • Lucita works at a bookstore and earns $9.50 per hour. She works 3 hours on Friday and 7 hours on Saturday. Which expression does
    8·1 answer
  • Convert 8 1/4% to a decimal show the work
    8·2 answers
  • The area of a rectangle is 180 squared in2. The ratio of the length to the width is 5 : 4Find the length and the width. The leng
    11·1 answer
  • Write an equation for a function y=square root of x then shifted up 8 units
    6·1 answer
  • a parallelogram has side lenghts 20 cm and 25 cm. the diagonal opposite the obtuse angle measures 38 cm. what is the measure of
    14·2 answers
  • Write the phrase as an expression.<br><br> the quotient of seven and a number p
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!