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 53 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
Thanks for the timely response, appreciate it

milbourne11

  • Member
  • Posts: 322
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

Disorders that may affect pharmacodynamics include genetic mutations, malnutrition, thyrotoxicosis, myasthenia gravis, Parkinson's disease, and certain forms of insulin-resistant diabetes mellitus.

Did you know?

People with alcoholism are at a much greater risk of malnutrition than are other people and usually exhibit low levels of most vitamins (especially folic acid). This is because alcohol often takes the place of 50% of their daily intake of calories, with little nutritional value contained in it.

Did you know?

Always store hazardous household chemicals in their original containers out of reach of children. These include bleach, paint, strippers and products containing turpentine, garden chemicals, oven cleaners, fondue fuels, nail polish, and nail polish remover.

Did you know?

The average person is easily confused by the terms pharmaceutics and pharmacology, thinking they are one and the same. Whereas pharmaceutics is the science of preparing and dispensing drugs (otherwise known as the science of pharmacy), pharmacology is the study of medications.

Did you know?

Critical care patients are twice as likely to receive the wrong medication. Of these errors, 20% are life-threatening, and 42% require additional life-sustaining treatments.

The Dingo was the first placental mammal introduced to Australia, around 4000 years ago The Dingo was the first placental mammal introduced to Australia, around 4000 years ago
A sidewheeler on the Mississippi. In 1856 Samuel Clemens became an apprentice to a steamboat pilot a A sidewheeler on the Mississippi. In 1856 Samuel Clemens became an apprentice to a steamboat pilot a
Preschool: 3–6 years. Preschool: 3–6 years.
Buildings account for 15% of greenhouse gas emissions Buildings account for 15% of greenhouse gas emissions
A $50 000 bond bearing interest at 6.5% bond payable semi-annually matures in 10 years. If it ... A $50 000 bond bearing interest at 6.5% bond payable semi-annually matures in 10 years. If it ...
Video: Knee Animation

For a complete list of videos, visit our video library