aliyahtucker62 aliyahtucker62

28-04-2022
Mathematics

contestada

How much would you need to deposit in an account now in order to have $2000 in the account in 5 years? Assume the account earns 2% interest compounded monthly.

Respuesta :

mjroby2009 mjroby2009

28-04-2022

Answer:

$1950.74

Step-by-step explanation:

step 1

x(1 + 0.06/12)^5=2000

step 2

x= 2000/(1 + 0.06/12)^5

= 1950.741337

Answer Link

1188983 1188983

28-04-2022

Answer: 500

Step-by-step explanation:

formula for interest is

I= Principle x Rate x Time

2% as a decimal is 0.02

Answer Link

Otras preguntas

Depreciation is currently computed under the Accelerated Cost Recovery System (ACRS).

Complétez Fill in the blanks using the most logical term. 1. Ma est la fille de mon oncle. 2. La femme de mon frère est ma 3. La de mon mari est ma mère. 4. Le

Select the correct answer. George works in a factory and is a member of the labor union. He thinks his wages are low for the work that he does, so he tells the

A 94 kg quarterback accelerates a 0.42 kg ball from rest to 24 m/s in 0.08 s. What is his average power output during the throw?

What is a characteristic of pliers?A. Circular opening around the head.B. Adjustable wrench.C. Scissor-shaped tools with jaws.D. Serrated teeth on both jaws.

What extra electrode might best demonstrate the EEG activity associated with focal motor twitching of the right corner of the mouth?

Managers provide for ________, a combination of formal education, job experiences, relationships, and assessment of personality and abilities to help employees

Simplify the rational expression. Show work X^2+8x+12/X^2+7x+10

Assertion :p- Nitrophenol is a stronger acid than o-nitrophenol. Reason: Intramolecular H-bond makes o-isomer weaker than p-isomer.A. Both Assertion and Reason

When is a specimen collected during a vaginal examination? a. As soon as the speculum is inserted b. After the speculum has been removed c. Whenever the patient