subject
Mathematics, 02.04.2020 03:16 jj1077348

An account is earning 5% annual interest, compounded quarterly. How much will it be worth in 8 years, if an initial investment of $5000 is put into the account and no withdrawals are made?

a.) State the i.) initial value, ii.) the multiplier, and iii.) the number of times the interest is compounded over the 8 years. i.) ii.)iii.)

b.) Write an equation to find the value of the account V(t) after any number of quarters t.

c.) What is the value of the account after 8 years?

d.) If the account earned 8% simple interest annually, how much would be in the account after 8 years? Show work

ansver
Answers: 2

Another question on Mathematics

question
Mathematics, 21.06.2019 13:00
The composite figure is made up of a parallelogram and a rectangle. find the area. a. 76 sq. units b. 48 sq. units c. 124 sq. units d. 28 sq. units
Answers: 1
question
Mathematics, 21.06.2019 20:30
Steve had 48 chocolates but he decided to give 8 chocolats to each of his f coworkers. how many chocolates does steve have left
Answers: 1
question
Mathematics, 21.06.2019 21:30
In a test for esp (extrasensory perception), a subject is told that cards only the experimenter can see contain either a star, a circle, a wave, or a square. as the experimenter looks at each of 20 cards in turn, the subject names the shape on the card. a subject who is just guessing has probability 0.25 of guessing correctly on each card. a. the count of correct guesses in 20 cards has a binomial distribution. what are n and p? b. what is the mean number of correct guesses in 20 cards for subjects who are just guessing? c. what is the probability of exactly 5 correct guesses in 20 cards if a subject is just guessing?
Answers: 1
question
Mathematics, 21.06.2019 23:10
Which expression is equivalent to -12(3x-3/4)
Answers: 2
You know the right answer?
An account is earning 5% annual interest, compounded quarterly. How much will it be worth in 8 years...
Questions
question
Mathematics, 18.02.2021 20:40
question
Biology, 18.02.2021 20:40
question
World Languages, 18.02.2021 20:40
question
Mathematics, 18.02.2021 20:40
question
Physics, 18.02.2021 20:40
question
Mathematics, 18.02.2021 20:40
question
Mathematics, 18.02.2021 20:40
Questions on the website: 13722363