Ashley deposits $1000 into an account that earns 4% interest compounded 2 times per year. how much money will Ashley have in her account after 5 years? round to the nearest cent A)1520.30
B)1892.19
C)1218.99
D)1253.00

Answers

Answer 1
Answer: The equation for compound interest is A=P(1+(r)/(n))^(nt), where:
P is the original deposit (or "principal")
r is the rate of the interest (in decimal form)
n is the number of times per year that the interest is compounded
t is the time passed in years

Plugging in your values, we see that the equation becomes A=1000(1+(.04)/(2))^((2)(5))=1000(1.02)^(10)

which equals, to the nearest cent, $1218.99, which is answer C.



Related Questions

What is the solution to the system of equations?4x+y=2x-y=3
Please help Match the picture to the reason that would prove the triangles congruent.Options:NONEASASSSSASAASHL
-9(m+3) +14=-49 please show work
Two friends share 3 fruit bars equally.How much does each friend get
A sequence is defined by the recursive function f(n + 1) = f(n) – 2.If f(1) = 10, what is f(3)?

Can you please solve for m
2 = m/2-7

Answers

2 = m/2 - 7                  Original Problem.
m/2 - 7 = 2                  Flip flop the equation around.
m/2 = 9                       Add 7 to each side.
m = 18                        Multiply each side by 2.

Answer: m = 18

An investment counselor calls with a hot stock tip. he believes that if the economy remains​ strong, the investment will result in a profit of ​$50 comma 000. if the economy grows at a moderate​ pace, the investment will result in a profit of ​$10 comma 000. ​however, if the economy goes into​ recession, the investment will result in a loss of ​$50 comma 000. you contact an economist who believes there is a 30​% probability the economy will remain​ strong, a 60​% probability the economy will grow at a moderate​ pace, and a 10​% probability the economy will slip into recession. what is the expected profit from this​ investment?

Answers

Answer: $ 16,000 profit

Step-by-step explanation:

Given the following :

Profit when economy is strong = 50,000

Profit when economy is moderate = 10,000

Loss when economy goes into recession = 50000

Resulting probabilities of the three probable occurrences are:

Probability of strong economy; p(strong) = 30/100 = 0.3

Probability of moderate; P(moderate) = 60/100 = 0.6

Probability of recession; P(recession) = 10/100 = 0.1

Expected profit :

Summation of the product of each probability and its accompanying profit or loss.

P(strong) × profit of strong = 0.3 × 50000 = 15000

P(moderate) × profit of moderate = 0.6 × 10000 = 6000

P(recession) × loss on recession = 0.1 × 50000 = 5000 = - 5000 ( loss)

Expected profit :

$(15,000 + 6000 - 5000) = $16,000 profit

How do you do this problem ?5y 9≤4?

Answers

The solution to inequality is,

⇒ y ≤ - 1

We have to give that,

An inequality to solve,

5y + 9 ≤ 4

Now, Simplify the inequality as,

⇒ 5y + 9 ≤ 4

Subtract 9 on both sides,

⇒ 5y + 9 - 9 ≤ 4 - 9

⇒ 5y ≤ - 5

⇒ y ≤ - 5/5

⇒ y ≤ - 1

Therefore, The solution is,

⇒ y ≤ - 1

To learn more about inequality visit:

brainly.com/question/25944814

#SPJ6

5y+9≤4
minus 9 both sides
5y+9-9≤4-9
5y+0≤-5
5y≤-5
divdie both sides by 5
y≤-1


Whats 11 divided by 1/4

Answers

11:(1)/(4)=11\cdot(4)/(1)=11\cdot4=44
\boxed{(11)/((1)/(4)=11*(4)/(1))=44}

Nilai 9 log 27 + 3 log 9 + 2log 8

Answers

= 15.745001+ 1.80618 = 17.551181 I hope that's help !

Which of the following are point-slope equations of the line going through (-5, 6) and (1, 1)? Check all that apply.

Answers

Here, first we need to calculate the slope of the line, 
m = y2 - y1 / x2-x1
m = 6 - 1 / -5-1
m = 5/-6
m = -5/6

Now, Take first coordinate: y - 6 = -5/6 (x + 5)
Second coordinate: y - 1 = -5/6 (x - 1)

In short, Your Answers would be Option A & E

Hope this helps!