brynn225 brynn225
  • 15-04-2017
  • Mathematics
contestada

Find the balance in the account.
$1,000 principal earning 6.25%, compounded quarterly, after 7 years

a. $1,543.60
b. $1,528.63
c. $29,750.00
d. $1,114.64

Respuesta :

Aliwohaish12
Aliwohaish12 Aliwohaish12
  • 15-04-2017
A=1,000×(1+0.0625÷4)^(4×7)
A=1,543.60
Answer Link

Otras preguntas

Which of the Earth’s spheres is made up of the gases and air that surround the Earth and sustain life?
Add. Simplify your answer and write it as a proper fraction or as a whole or mixed number. A. 5/10 B. 1 1/2 C. 5 1/4
The median weight of a check bag is 27.5 pounds. How does mean of the data most likely compare to the median?
HELP Which of the following statements correctly describes the relative size of subatomic particles? - Protons are the same size as neutrons. Both are bigger t
Domain of two functions
A group of students weighs 500 US pennies. They find that the pennies have normally distributed weights with a mean of 3.1g and a standard deviation of 0.14g Wh
Right triangle ABC reflected over AC then dilated by a scale factor of 2/3. which statement about the triangles must be true?
1) 2678 cm into feet.
Water is an example of a
After a storm, a tree lies as shown. What was the original height of the tree? (Round to the nearest whole foot.)