Logo
Home Study Material Contact Search
AI Chat FREE
  1. mathematics
  2. basic math
  3. an account is opened with an initial deposit of $2

An account is opened with an initial deposit of $24,000 and earns 2.5% interestcompounded quarterly....

80.2K

Verified Solution

Question

Basic Math

image

An account is opened with an initial deposit of $24,000 and earns 2.5% interestcompounded quarterly. What will the account be worth in 15 years?Since we are dealing with money, round 2 decimals.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Mechanical Engineering
1.2K views

Evaluate the challenges and opportunities in the aircraft manufacturing industry following World War II as commercial...

Advance Math
1.2K views

Please answer question (b) 9. (a) Show that the PDE Ux = 0 has no solution...

Physics
1.2K views

9 A 5 cm x 12 cm rectangular coil with number of 29 600 E...

Basic Math
1.2K views

Given the graph of y=x, how do you obtain the graph y = 5(x+3) +6?Choose...

Statistics
1.2K views

n the probability distribution to the right the random variable X represents the number of...

Calculus
1.2K views

2x 1 x 7 Find the slope and the equation of the line tangent to...

Accounting
1.2K views

Contribution Margin and Contribution Margin Ratio For a recent year, McDonald's...

Accounting
1.2K views

Problem 17-2A (Algo) Part 3 3. Complete the below table...

Accounting
1.2K views

One of your tax clients, owner of a hardware store, contacts you to introduce their...

Accounting
1.2K views

(7 marks) Question 1 Job cost sheets show the following information: March Job AA2 AA4...

Accounting
1.2K views

Symphony Electronics produces wireless speakers for outdoor use on patios, decks, etc. Their most popular...

Finance
1.2K views

Remember to use the appropriate forma g(x)=3x+5 h(x)=4x-1 Find: h(g(x))