kcharland kcharland

02-04-2018
Mathematics

contestada

If $85 is put into an account that gets 8.5% and I add $15.00 per year, how much will I have in 8 years

Respuesta :

CastleRook CastleRook

11-04-2018

Using geometric progression formula
sn=[a(r^n-1)/(r-1)]
s8=[15(1.085^8-1)/(0.085)]
The total amount will be given by:
85(1.085)^8+[15(1.085^8-1)]/0.085
=325.7109
After 8 years we shall have 325.71

Answer Link

Otras preguntas

Calculate the pH of a buffer prepared by mixing 500 ml of 0.38 M acetic acid with 500 ml of 0.25 M sodium acetate. pKA for acetic acid is 4.76 (a) Calculate the

Describe the difference between European and Native American attitudes toward land use and land ownership.

What is the main idea of the argument in this passage? A. The people who work hardest will become millionaires B. The rich are acting in the best interests of t

Explain why each 8 in the number 8.888 has a different value.

Theme of house taken over

Social Security is an example of an entitlement program. Question 22 options: True False

Find and compare the future value after two years of a attracting interest at a rate of 10% compounded a) annually and b) semi annually. deposit of $100

Determine whether each of these functions from {a,b,c,d} to itself is one-to-one. a) f(a) = b, f(b) = a, f(c) = c, f(d) = d. b) f(a) = b, f(b) = b, f(c)=d, f(d)

Many psychologists have criticized skinner for discounting the influence of ________ on behavior.

Help answer the questions in the photo above