Becky1979 Becky1979

04-02-2018
Mathematics

contestada

You deposit $7,500 into an account. After 10 years, the account is worth $44,187.02. If the interest compounds quarterly, calculate the annual interest rate.

Respuesta :

sqdancefan sqdancefan

07-02-2018

The quarterly interest rate is
.. (44187.02/7500)^(1/40) -1 = 0.0453358
so the annual rate is 4 times that amount, about 18.13%

Answer Link

Otras preguntas

Please answer number 8 thank youuu

This is due by 12:00 please help

. An object accelerates from rest at a constant rate covering a distance of 9 meters in 3 seconds. What is its rate of acceleration? Put your answer in this fo

Where does traditional systematics place the most emphasis when determining taxonomic groupings?

during anaphase 1 chromosomes in the homologous pair

Who knows about welding ??

This is due by 12:00 please help

Think about how the United States has grown and changed on an international and domestic level since the Civil War and Reconstruction. NO FAKE ANSWERS I DO RE

PLEASE HELP! I do not need 3-5 sentences for each, but please provides topics for each sentence! I can go off of those. 1. In three to five sentences, analyze

complete this table to show how the structure of the DNA molecule allows it to perform each essential function