Mathematics, 26.03.2020 20:49 bezar77
A bank features a savings account that has an annual percentage rate of r=5.1% with interest compounded quarterly. Ethan deposits $3,500 into the account. The account balance can be modeled by the exponential formula S(t)=P(1+r/n)^nt, where S is the future value, P is the present value, r is the annual percentage rate written as a decimal, n is the number of times each year that the interest is compounded, and t
is the time in years.
(A) What values should be used for P, r, and n?
P=
r=
n=
(B) How much money will Ethan have in the account in 8 years?
Answer =
Round answer to the nearest penny.
Answers: 2
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Determine whether the quadrilateral below is a parallelogram. justify/explain your answer (this means back it up! give specific information that supports your decision. writing just "yes" or "no" will result in no credit.)
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Desmond wants to sell his car that he paid $8,000 for 2 years ago. the car depreciated, or decreased in value, at a constant rate each month over a 2-year period. if x represents the monthly depreciation amount, which expression shows how much desmond can sell his car for today? \ 8,000 + 24x 8,000 - 24x 8,000 + 2x 8,000 - 2x
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A bank features a savings account that has an annual percentage rate of r=5.1% with interest compoun...
Mathematics, 11.02.2020 04:45
Mathematics, 11.02.2020 04:45