Find the amount of money in the account

Assignment Help Basic Statistics
Reference no: EM132028122

Please help to break down this question

You deposit ?$4000 into a savings account at a bank that has a rate of 4?% compounded monthly. Find the amount of money in the account after 9 years.

?(Round to the nearest? dollar, as? needed.)

Reference no: EM132028122

Questions Cloud

What is the research problem or issue : Evaluate the research reports and/or theories from the studies presented in your minimum of eight peer-reviewed resources.
Calculate the issue price of the bonds : A company issued on January 1, 2014 10,000 5 year term bonds of face value $1,000, Calculate the issue price of the bonds and prepare the journal entry
Find what is the maximum you can spend on the new car : Your parents agree to pay half of the purchase price of a new car when you graduate from college. You will graduate and buy the car two years from now.
What was the percentage change in his annual earnings : This year he earned the same amount but received a $2,000 bonus. What was the percentage change in his annual earnings
Find the amount of money in the account : You deposit ?$4000 into a savings account at a bank that has a rate of 4?% compounded monthly. Find the amount of money in the account after 9 years.
Calculate cost of goods sold and ending inventory : A company purchases inventory during the year in 4 batches, Calculate cost of goods sold and ending inventory under the FIFO method
What is the e and p balance for shoebiz and for park : Park Corporation distributes its shoe manufacturing line of business to the newly created ShoeBiz Corporation in a transaction qualifying as a "Type D".
Simple interest on unpaid tax : Jackson's property tax is ?$656.85 and is due April 5. He does not pay until July 30. The county adds a penalty of 9.3?% simple interest on unpaid tax.
Establish a fund for grandson college education : What lump sum must they deposit at a 10.7?% annual interest? rate, compounded quarterly?, in order to have ?$30,000 in the fund at the end of 15 ?years?

Reviews

Write a Review

Basic Statistics Questions & Answers

  Statistics-probability assignment

MATH1550H: Assignment:  Question:  A word is selected at random from the following poem of Persian poet and mathematician Omar Khayyam (1048-1131), translated by English poet Edward Fitzgerald (1808-1883). Find the expected value of the length of th..

  What is the least number

MATH1550H: Assignment:  Question:     what is the least number of applicants that should be interviewed so as to have at least 50% chance of finding one such secretary?

  Determine the value of k

MATH1550H: Assignment:  Question:     Experience shows that X, the number of customers entering a post office during any period of time t, is a random variable the probability mass function of which is of the form

  What is the probability

MATH1550H: Assignment:Questions: (Genetics) What is the probability that at most two of the offspring are aa?

  Binomial distributions

MATH1550H: Assignment:  Questions:  Let’s assume the department of Mathematics of Trent University has 11 faculty members. For i = 0; 1; 2; 3; find pi, the probability that i of them were born on Canada Day using the binomial distributions.

  Caselet on mcdonald’s vs. burger king - waiting time

Caselet on McDonald’s vs. Burger King - Waiting time

  Generate descriptive statistics

Generate descriptive statistics. Create a stem-and-leaf plot of the data and box plot of the data.

  Sampling variability and standard error

Problems on Sampling Variability and Standard Error and Confidence Intervals

  Estimate the population mean

Estimate the population mean

  Conduct a marketing experiment

Conduct a marketing experiment in which students are to taste one of two different brands of soft drink

  Find out the probability

Find out the probability

  Linear programming models

LINEAR PROGRAMMING MODELS

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