« previous next »

Author Question: If you invest 4,000 in a savings account paying 3 percent interest, how much will your investment be ... (Read 167 times)

kamilo84

  • Sr. Member
  • ****
  • Posts: 495
on: Jun 30, 2018
If you invest 4,000 in a savings account paying 3 percent interest, how much will your investment be worth in 25 years?
 
  What will be an ideal response?

Question 2

According to this Application, the failure of including cell phones in a timely manner when calculating the CPI caused the telecommunications component of the price index
 
  A) to become negative. B) to be biased upward.
  C) to be biased downward. D) to actually register no perceptible bias.


elyse44

  • Sr. Member
  • ****
  • Posts: 319
Reply #1 on: Jun 30, 2018
Answer to Question 1

(4,000)(1.03)25 = 8,375.11

Answer to Question 2

B


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Though newer “smart” infusion pumps are increasingly becoming more sophisticated, they cannot prevent all programming and administration errors. Health care professionals that use smart infusion pumps must still practice the rights of medication administration and have other professionals double-check all high-risk infusions.

Did you know?

The Centers for Disease Control and Prevention has released reports detailing the deaths of infants (younger than 1 year of age) who died after being given cold and cough medications. This underscores the importance of educating parents that children younger than 2 years of age should never be given over-the-counter cold and cough medications without consulting their physicians.

Did you know?

Everyone has one nostril that is larger than the other.

Did you know?

Most childhood vaccines are 90–99% effective in preventing disease. Side effects are rarely serious.

Did you know?

Drug-induced pharmacodynamic effects manifested in older adults include drug-induced renal toxicity, which can be a major factor when these adults are experiencing other kidney problems.

Independent assortment produces 50 percent recombinants Independent assortment produces 50 percent recombinants
Fraternal twins share about 50 percent of their segregating genes. Fraternal twins share about 50 percent of their segregating genes.
How to calculate simple interest (Part 5; r = I/Pt) How to calculate simple interest (Part 5; r = I/Pt)
Saving and Investment Rates of Industrialized Countries, 1960–1974 Saving and Investment Rates of Industrialized Countries, 1960–1974
Nick buys a $25 000, 5.4% bond with quarterly interest coupons, 3 years before maturity, to ... Nick buys a $25 000, 5.4% bond with quarterly interest coupons, 3 years before maturity, to ...
Rita borrows $4,500 from the bank at 9 percent annually compounded interest to be repaid in ... Rita borrows $4,500 from the bank at 9 percent annually compounded interest to be repaid in ...
Video: Red alga life cycle Animation

For a complete list of videos, visit our video library