This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: The principal represents an amount of money deposited in a savings account subject to compound ... (Read 150 times)

fahad

  • Hero Member
  • *****
  • Posts: 570
on: Feb 2, 2020

Question 1

A bank offers a CD that pays a simple interest rate of 8%. How much must you put in this CD now in order to have $13,760 to replace all the windows in your house in 9 years?
◦ $576
◦ $8000
◦ $5760
◦ $11,520

Question 2

The principal represents an amount of money deposited in a savings account subject to compound interest at the given rate.  Find how much money will be in the account after the given number of years (Assume 360 days in a year.), and how much interest was earned.

A = PntP = A = PertY = n - 1

Principal: $9000
Rate: 4%
Compounded: annually
Time: 3 years
◦ amount in account: $10,146.78; interest earned: $1146.78
◦ amount in account: $28,080.00; interest earned: $19,080.00
◦ amount in account: $10,123.78; interest earned: $1123.78
◦ amount in account: $1,125,000.00; interest earned: $1,116,000.00
Thinking Mathematically ¦ Blitzer ¦ 6th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by fahad on Feb 2, 2020

Jadwiga9

  • Sr. Member
  • ****
  • Posts: 316
Reply #1 on: Feb 2, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 29% of students answer this correctly


fahad

  • Member
  • Posts: 570
Reply 2 on: Feb 2, 2020
YES! Correct, THANKS for helping me on my review

mochi09

  • Member
  • Posts: 335
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

Though the United States has largely rejected the metric system, it is used for currency, as in 100 pennies = 1 dollar. Previously, the British currency system was used, with measurements such as 12 pence to the shilling, and 20 shillings to the pound.

Did you know?

The immune system needs 9.5 hours of sleep in total darkness to recharge completely.

Did you know?

A cataract is a clouding of the eyes' natural lens. As we age, some clouding of the lens may occur. The first sign of a cataract is usually blurry vision. Although glasses and other visual aids may at first help a person with cataracts, surgery may become inevitable. Cataract surgery is very successful in restoring vision, and it is the most frequently performed surgery in the United States.

Did you know?

Colchicine is a highly poisonous alkaloid originally extracted from a type of saffron plant that is used mainly to treat gout.

Did you know?

The first oncogene was discovered in 1970 and was termed SRC (pronounced "SARK").

compound eye of a noctuid moth compound eye of a noctuid moth
Masaccio, The Tribute Money. Masaccio, The Tribute Money.
A compound of iron and sulfur crystallizes in a lattice pattern described as cubic closest ... A compound of iron and sulfur crystallizes in a lattice pattern described as cubic closest ...
Calculate the amount of interest that will be charged on $9000.00 borrowed for four months at ... Calculate the amount of interest that will be charged on $9000.00 borrowed for four months at ...
a solution is prepared in which a trace or small amount of Fe2+ is added to a much larger ... a solution is prepared in which a trace or small amount of Fe2+ is added to a much larger ...
compound compound
Video: Energy sources - types

For a complete list of videos, visit our video library