What is the balance in the account at the end of 20 years

Assignment Help Mathematics

Reference no: EM13207017

If the account earns interest at a rate of 6% per annum, convertible quarterly, after how many years (to 2 decimal places) will your account balance reach 2,200? 5. 100 is deposited into an account at the beginning of each year for 20 years. The account earns compound interest at a level rate in all years. The balance at the end of 20 years is 3 times the balance at the end of 10 years. What is the balance in the account at the end of 20 years?

Reference no: EM13207017

Questions Cloud

Compare this with the literature value of absolute entropy : mole of He atoms at 25.0 degrees celsius and 1.000 atm pressure? Compare this with the literature value of 126.04 J/molK.

What is the simple numerical sum of all the payments : How does the present value of this revenue stream change if the inflation rate is 3.5%? 7.5%? What is the simple numerical sum of all the payments?

Determine what is the rent seeking : What is rent seeking How much, potentially, might this monopolist spend on rent seeking activities Assume that they will earn the same profit you calculated in part c forever, and that the interest rate is 5%.

Describe the shape of your histogram : Describe the shape of your histogram. Is it unimodal, bimodal, or multimodal? Is it symmetric or skew-symmetric?

What is the balance in the account at the end of 20 years : The balance at the end of 20 years is 3 times the balance at the end of 10 years. What is the balance in the account at the end of 20 years?

How efficiency can mean many things to many people : Efficiency can mean many things to many people. Even in economics, there are different types of efficiency. Here we are discussing productive efficiency. An economy is productively efficient whenever it is producing the maximum output with given t..

What is the probability that sample mean breaking strength : What is the probability that the sample mean breaking strength for a random sample of 40 rivets is between 9950 and 10,250? If the sample size had been 15 rather than 40, could the probability requested in part (a) be calculated from the given inf..

Write a paragraph discussing your discipline : Find an article, website, or section of a textbook that is written by someone in your discipline. Write a paragraph discussing your discipline, what you read, and how it was organized.

Determine what should be the quantity sold : The Teenager Company makes and sells skateboards at an average price of $70 each. During the past year they sold 4000 of these skateboards. The company bellieves that the price elasticity for this product is about -2.5.

User Account

All Pages