Logo
Home Study Material Contact Search
AI Chat FREE
  1. mathematics
  2. basic math
  3. years 8 5 9 10 11 x 12 suppose that 2000 is placed

years 8 5 9 10 11 X 12 Suppose that 2000 is placed in a...

80.2K

Verified Solution

Question

Basic Math

image

years 8 5 9 10 11 X 12 Suppose that 2000 is placed in a savings account at an annual rate of 2 9 compounded quarterly Assuming that no withdrawals are made how long will it take for the account to grow to 2500 Do not round any intermediate computations and round your answer to the nearest hundredth If necessary refer to the list of financial formulas 13 X C Hel

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

Basic Math
1.2K views

Find the amount of money in an account after 13 years if 7000 is deposited...

Mechanical Engineering
1.2K views

19.7 Consider an AISI 4135 steel in which all of the alloying elements have the mean...

Biology
1.2K views

Which macromolecule is related to leukaemia Lipids or proteins Explain your reasoning

Basic Math
1.2K views

A regression analysis between sales in 1000 and price in dollars resulted in the following...

Statistics
1.2K views

Solve the inequality and write your answer in interval notation 20x3 17 2x

Accounting
1.2K views

In setting price standards, the purchasing manager must consider ...

Accounting
1.2K views

Bonds with a face value of $540000 and a quoted price of 102.25 have a...

Accounting
1.2K views

You are an investor and trying to decide whether to invest in Target Corporation or...

Accounting
1.2K views

Bull's Eye Department Stores, Inc. records $150,000 in gift card sales and receives cash in...

Accounting
1.2K views

Consider the following condensed financial statements of Money Safe, Inc. The company's target rate of...

Accounting
1.2K views

Entries for Not Receivable, including Year End Entries The following selected transactions were completed by...

Accounting
1.2K views

5. Determine the change in contribution margin as a result of a change in sales...