Total accumulation of the amount deposited in saving account, Mathematics

Assignment Help:

A bank pays on its savings an interest rate of 6% per year but compounds interest monthly (i.e., estimates the interest each month and adds it to the balance).  You plan to deposit $100,000 into this saving account today.  Show the amount you will accumulate by the end of the 30th year.

ANSWER:


Related Discussions:- Total accumulation of the amount deposited in saving account

Some important issue of graph, Some important issue of graph Before mov...

Some important issue of graph Before moving on to the next example, there are some important things to note. Firstly, in almost all problems a graph is pretty much needed.

Formula to estimate distance around circle table, If Lisa wants to know the...

If Lisa wants to know the distance around her circular table, that has a diameter of 42 in, which formula will she use? The circumference or distance around a circle is π times

Solving trig equations with calculators, Solving Trig Equations with Calcul...

Solving Trig Equations with Calculators, Part I : The single problem along with the equations we solved out in there is that they pretty much all had solutions which came from a

Evaluate indefinite integrals, Evaluate following indefinite integrals. ...

Evaluate following indefinite integrals.  (a) ∫ 5t 3 -10t -6 + 4 dt  (b) ∫ dy Solution  (a) ∫ 5t 3 -10t -6 + 4 dt There's not whole lot to do here other than u

Find the ratio of line segment, Find the ratio in which the line segment jo...

Find the ratio in which the line segment joining A(6,5) and B(4,-3) is divided by the line y=2           (Ans:3:5) Ans :   Let the ratio be k:1 x = 4 k + 6/ k +1 y

Convert measurements between the english system, Convert measurements betwe...

Convert measurements between the English system? To convert measurements between the English system and the metric system: 1. Look up the conversion between the two units of

Java program for sorting algorithms, Introduction: In this project, yo...

Introduction: In this project, you will explore a few sorting algorithms. You will also test their efficiency by both timing how long a given sorting operation takes and count

Geometry help, A painter leans a 10-foot ladder against the house she is to...

A painter leans a 10-foot ladder against the house she is to paint. The foot of the ladder is 3 feet from the house. How far above the ground does the ladder touch the house? Appro

Hyperbolic paraboloid- three dimensional space, Hyperbolic Paraboloid- Thre...

Hyperbolic Paraboloid- Three Dimensional Space The equation which is given here is the equation of a hyperbolic paraboloid. x 2 / a 2 - y 2 / b 2 = z/c Here is a dia

Write Your Message!

Captcha
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