Account at an annual interest rate

Assignment Help Mathematics
Reference no: EM131980177

Use the formula for computing future value using compound interest to determine the value of an account at the end of 6 years if a principal amount of $6000 is deposited in an account at an annual interest rate of 4% and the interest is compounded monthly.

The amount after 6 years will be $?

Reference no: EM131980177

Questions Cloud

Who does not believe that marilyn monroe : Report the answer as a percent rounded to one decimal place.
What will his annual payment be : Craig would like to borrower $1,000,000 on a 20 year land loan at 5% (fixed); what will his annual payment be?
Discuss two normal health patterns of the client : Discuss two normal health patterns of the client as well as two abnormal health patterns that you observe, and provide examples.
Explain what are your job responsibilities : Explain what are your job responsibilities? Do you belong to a professional organization related to your current job position?
Account at an annual interest rate : Use the formula for computing future value using compound interest to determine the value of an account at the end of 6 years if a principal amount
What are your treatment goals for mr russell today : What are your treatment goals for Mr. Russell today? What is your pharmacologic plan; please state your rationale for your plan?
What if the function was on an unmarked graph : If I wanted to determine if a polynomial function was odd or even, how would I do that? What if the function was on an unmarked graph?
Which specific microbes are cystic fibrosis patients : Which specific microbes are Cystic Fibrosis patients typically susceptible to? Cystic Fibrosis diagnosed at later ages is usually less severe...Why is that?
Draw the selected ball is returned : An urn contains 9 black and 7 pink balls. Five balls are drawn from urn in succession, with replacement that is, after each draw the selected ball is returned

Reviews

Write a Review

Mathematics Questions & Answers

  Find the intervals where f is concave down

Find the intervals where f is increasing? Find the intervals where f is concave down. Find the x-coordinates for relative maxima and minima for f.

  What is the value of x

a rectangular prism has the dimensions of 4 by 6 by x. If the total surfacea area of the prism is 248 square units, what is the value of x?

  How many students should we put in each group

If we want the groups to be as large as possible, how many students should we put in each group? Please show your work and breakdown the problem.

  If sin a cos a and tan a are in geometric progression then

If sin A, cos A and tan A are in geometric progression, then cot6 A- cot2 A is equal to

  Find the tension in the rope

A uniform boom AC, 4m long and weighing 50 N is smoothly hinged at C and is supported at A by a rope AB. Find the tension in the rope and the size and direction of the reaction at C.

  The number n on the upper face is recorded

A six-sided die is rolled and the number N on the upper face is recorded.

  What were the sale price for each reduction

Crystal stemware originally marked to sell for $49.50 was reduced 20% for a special promotion. The stemware was then reduced an additional 30% to turn inventory

  Compare binomial distribution with a normal distribution

Politics. Candidate Harkins claims a private poll shows that she will receive 52% of the vote for governor. Her opponent, Mankey, secures the services.

  Calculate the area of the bigger

The ratio of the sides of the square are 2:5. Calculate the area of the bigger one if the area of the small one is 196 cm^2

  Best way to complete online class

What is the best way to complete online class work and discussion questions?

  How long is the blue line segment

The length of the transverse axis is 8, and the length of the red line segment is 12. How long is the blue line segment?

  Employer-employee relationship

Employment law covers all rights and obligations within the employer-employee relationship -- between employers and current employees, job applicants, or former employees. Please provide an example of a right and obligation that employers owe empl..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd