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

Author Question: How much would Sophie have in her account at the end of 10 years if she deposit 2,000 into the ... (Read 101 times)

saraeharris

  • Hero Member
  • *****
  • Posts: 546
on: Jul 10, 2018
How much would Sophie have in her account at the end of 10 years if she deposit 2,000 into the account today if she earned 8 percent interest and interest is compounded continuously?
 
  A) 4,317
  B) 4,134
  C) 4,451
  D) 4,521

Question 2

Gina has planned to start her college education four years from now. To pay for her college education, she has decided to save 1,000 a quarter for the next four years in a bank account paying 12 percent interest.
 
  How much will she have at the end of the fourth year?
  A)  1,574
  B) 19,116
  C) 20,157
  D) 16,000


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Liamb2179

  • Sr. Member
  • ****
  • Posts: 365
Reply #1 on: Jul 10, 2018
Answer to Question 1

C

Answer to Question 2

C


saraeharris

  • Member
  • Posts: 546
Reply 2 on: Jul 10, 2018
Wow, this really help

nguyenhoanhat

  • Member
  • Posts: 332
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

Common abbreviations that cause medication errors include U (unit), mg (milligram), QD (every day), SC (subcutaneous), TIW (three times per week), D/C (discharge or discontinue), HS (at bedtime or "hours of sleep"), cc (cubic centimeters), and AU (each ear).

Did you know?

Acute bronchitis is an inflammation of the breathing tubes (bronchi), which causes increased mucus production and other changes. It is usually caused by bacteria or viruses, can be serious in people who have pulmonary or cardiac diseases, and can lead to pneumonia.

Did you know?

In 1886, William Bates reported on the discovery of a substance produced by the adrenal gland that turned out to be epinephrine (adrenaline). In 1904, this drug was first artificially synthesized by Friedrich Stolz.

Did you know?

Asthma is the most common chronic childhood disease in the world. Most children who develop asthma have symptoms before they are 5 years old.

Did you know?

Amphetamine poisoning can cause intravascular coagulation, circulatory collapse, rhabdomyolysis, ischemic colitis, acute psychosis, hyperthermia, respiratory distress syndrome, and pericarditis.

This older woman is exploring new avenues of enjoyment as she avoids stagnation in her later years This older woman is exploring new avenues of enjoyment as she avoids stagnation in her later years
The approval of a new drug is a four-stage process: (1) preclinical investigation, (2) clinical inve The approval of a new drug is a four-stage process: (1) preclinical investigation, (2) clinical inve
Sophie B. Hawkins - Damn I Wish I Was Your Lover Sophie B. Hawkins - Damn I Wish I Was Your Lover
Adolescence: 12 years or puberty to the beginning of adulthood. Adolescence: 12 years or puberty to the beginning of adulthood.
Remaining health-adjusted life expectancy (years) at age 25 Remaining health-adjusted life expectancy (years) at age 25
Trends in employed mothers with a child/children younger than 3 years of age Trends in employed mothers with a child/children younger than 3 years of age
Video: Stomach peristalsis & Enterogastric reflex

For a complete list of videos, visit our video library