$500.00 is deposited in an account that pays 3.5% compounded quarterly. what will the balance be after 12 years

Question

25-11-2018
Mathematics

contestada

$500.00 is deposited in an account that pays 3.5% compounded quarterly. what will the balance be after 12 years

Respuesta :

Otras preguntas

Which of the following pairs of base sequences could form a short stretch of a normal double helix of DNA? (A) 5′-AGCT-3′ with 5′-TCGA-3′ (B) 5′-GCGC-3′ with

Which of the following was not a reason that children of immigrant families had to get jobs? A. Families could not survive on a single income. B. There were no

d. x= -1 and y = -1 Is it perpendicular, neither, of parallel. Show work

if EF bisects CD, CG =5x-1, GD = 7x-13, EF = 6x-4, and GF =13, find EG

What killed countless numbers of native Americans following European colonization of the Americas

Many private sector organizations require a formal statement, called a(n) ____, which provides search authorization and furnishes much of the same information u

Short Response 16. Parallel lines p and q are cut by transversal t to form angles 1-8. If 22 and 27 are alter- nate exterior angles, 27 and 26 are vertical angl

Which of the following statements are true regarding the fetch-execute cycle? Select 3 options. A. The device responsible for performing the fetch-execute cycle

The general fund of ABC city acquired two police cars at the beginning of January 20X3, at a total cost of $40,000. The cars are expected to last for four years

potatonite potatonite · Answer 1 · 2018-11-25T22:13:17+01:00

potatonite potatonite

25-11-2018

The balance of the deposited account after 12 years is calculated as follows:
[tex] a = p(1 + \frac{r}{n} )^{nt}\\ a = 500(1 + \frac{0.035}{4} )^{4(12)} \\ a = 500(1 + 0.00875 )^{48}[/tex]
[tex]a = 500(1.00875 )^{48} \\ a = 759.59[/tex]

Answer Link