You have new items in your feed. Click to view.
Question and answer
You invest $720 in an account that has an annual interest rate of 6.2%, compounded semiannually. How much money will be in the account after 5 years?
Amount(t) = Initial(1 + rate/number of compounds)^number or compounds * time so A = P(1+r/n)^nt. [ In this, P = 720, n = 2, r = .062, t = 5. so A = 720(1+.062/2)^(5*2) = 720(1.031)^10 = 977 dollars. ]
Expert answered|Marvel2|Points 702|
Question
Asked 7/5/2013 5:01:31 AM
0 Answers/Comments
Get an answer
New answers
Rating

There are no new answers.

Comments

There are no comments.

Add an answer or comment
Log in or sign up first.
Questions asked by the same visitor
What is the common ratio of the following sequence?8, 64, 512, 4096Type
Weegy: 8 is the common ratio for sequence 8, 64, 512, 4096. (More)
Question
Expert Answered
Asked 6/28/2013 10:41:59 PM
0 Answers/Comments
What is the common ratio of the following sequence?7, 21, 63, 189
Weegy: The common ratio of the sequence 7, 21, 63, 189 is 3. (More)
Question
Expert Answered
Asked 6/28/2013 10:47:01 PM
0 Answers/Comments
What are the next three terms of the following sequence?-10, 20, -40, 80,___,___,___
Weegy: What are the next three terms of the following sequence?-10, 20, -40, 80, -70, 140, -100. (More)
Question
Expert Answered
Asked 6/28/2013 10:50:11 PM
0 Answers/Comments
What are the next three terms of the following sequence?-10, 20, -40, 80,___,___,___
Weegy: The next three terms for the sequence -10, 20, -40... are 80, -160, 320. The common ratio is -2. (More)
Question
Expert Answered
Asked 6/28/2013 10:52:17 PM
0 Answers/Comments
26,601,539 questions answered
Popular Conversations
y varies directly with x and has a constant rate of change of ...
Weegy: we can model this in terms of a linear equation. y=mx+b Since the question states that y varies directly with ...
12/8/2016 11:22:54 AM| 2 Answers
Solve (x + 1 -3). User: What is the GCF of the trinomial? 3x^2 - ...
Weegy: The GCF of the trinomial 3x^2 - 15x - 42 is 3. User: , write the equations of the line passing through the ...
12/8/2016 11:16:05 AM| 2 Answers
6% of what number is 270?
Weegy: 270 * 6 = 1620 A number divided by six is 270. The number is 1620. User: Find 5% of $32.68. Weegy: 5% of ...
12/8/2016 5:50:27 PM| 2 Answers
To form the comparative degree of adverbs, you should add which of ...
Weegy: Mikhail Gorbachev is responsible for glasnost, which called for openness and self-criticism in Soviet affairs. ...
12/9/2016 8:33:19 AM| 2 Answers
Weegy Stuff
S
P
Points 178 [Total 450] Ratings 1 Comments 168 Invitations 0 Offline
S
P
Points 92 [Total 524] Ratings 0 Comments 92 Invitations 0 Online
S
Points 56 [Total 56] Ratings 0 Comments 56 Invitations 0 Offline
S
P
P
Points 51 [Total 730] Ratings 0 Comments 51 Invitations 0 Offline
S
Points 29 [Total 305] Ratings 0 Comments 29 Invitations 0 Online
S
Points 10 [Total 10] Ratings 1 Comments 0 Invitations 0 Offline
S
Points 8 [Total 8] Ratings 0 Comments 8 Invitations 0 Offline
S
Points 1 [Total 1] Ratings 0 Comments 1 Invitations 0 Offline
S
Points 1 [Total 1] Ratings 0 Comments 1 Invitations 0 Offline
S
Points 1 [Total 1] Ratings 0 Comments 1 Invitations 0 Offline
* Excludes moderators and previous
winners (Include)
Home | Contact | Blog | About | Terms | Privacy | © Purple Inc.