How much interest will he earn after one year

Assignment Help Mathematics

Reference no: EM13202413

Franklin has $2,500 in a savings account that pays interest at the rate of 4% annually. How much interest will he earn after one year?

Reference no: EM13202413

Questions Cloud

Equivalent real cash flow and real discount rate : Calculate the PV of Mr. Decos payment using the equivalent real cash flow and real discount rate

How much money will be spent on business space and utilities : Twenty-five percent of your budget will be used to rent business space and pay for utilities. Write an algebraic expression that indicates how much money will be spent on business space and utilities. Express the percentage as a decimal. Do not so..

Find the lengths of both circular arcs on the unit circle : Find the lengths of both circular arcs on the unit circle connecting the point and the point that makes an angle of with the positive horizontal axis.

Find the dimensions of the garden minimizing the cost : landscape architect wishes to enclose a rectangular garden on one side by a brick wall costing $27 per foot and on the other three sides by a metal fence costing $9 per foot. If the area of the garden is 450 ft2, find the dimensions of the garden ..

How much interest will he earn after one year : Franklin has $2,500 in a savings account that pays interest at the rate of 4% annually. How much interest will he earn after one year?

Determine the internal rate of return for each project : Determine the internal rate of return for each project. Round the internal rate of return factor to three decimals. (b) If Summer Company's required rate of return is 11%, which projects are acceptable?

Estimate the value of mercury limiteds equity : Estimate the value of Mercury Limiteds equity and Revenue and operating income are expected to grow at an annual rate of 25% for the next 5 years and 4% per year there after

Estimate the relative error in the calculated surface area : The circumference of a sphere was measured to be 77 cm with a possible error of 0.5 cm. Use linear approximation to estimate the maximum error in the calculated surface area. Estimate the relative error in the calculated surface area.

Estimate the maximum error in the calculated surface area : The circumference of a sphere was measured to be 72000 cm with a possible error of 050000 cm. Use linear approximation to estimate the maximum error in the calculated surface area.

User Account

All Pages