If you invest $20,500 in an account yielding 4.95% interest compounded semi-annually. How much will be in the account after 10 years?

Question

06-05-2021
Mathematics

Answered

Get personalized and accurate responses to your questions with IDNLearn.com. Discover detailed answers to your questions with our extensive database of expert knowledge.

If you invest $20,500 in an account yielding 4.95% interest compounded semi-annually. How much will be in the account after 10 years?

Sagot :

We greatly appreciate every question and answer you provide. Keep engaging and finding the best solutions. This community is the perfect place to learn and grow together. Thank you for choosing IDNLearn.com. We’re here to provide reliable answers, so please visit us again for more solutions.

QUESTION 1Sketch The Graph Of The Equation [tex]$y=\frac{-3}{x}+6$[/tex]. Find The Necessary Information Before Sketching The Graph.(15 Marks)

Which Of The Following Statements Best Describes An Island?A) A Large Body Of Water Surrounded By LandB) A Piece Of Land Completely Surrounded By WaterC) A Narr

04. Se Tienen 3 Barras De Acero Con Longitudes De 132, 180, Y 270 M. Se Desea Cortar Cada Una En Trozos Exactamente Iguales. ¿Cuál Es El Menor Número De Trozos

For Each Of The Following, Select The Ordered Pair That Is A Solution Set Of The System Of Inequalities.A. [tex]$(2, 0)$[/tex]B. [tex]$(-12, 20)$[/tex]C. [t

How Long Can Lactose Intolerance Symptoms Typically Last After Consuming Lactose-containing Foods Or Beverages?A) Several Hours To A DayB) A Few Days To A WeekC

Which Of The Following Compositions Of Transformations Will Always Produce The Same Image, Regardless Of The Order In Which The Transformations Are Performed?A.

Find The Solution Set Of This Inequality And Select The Correct Graph.[tex]\[ |6x - 9| \ \textgreater \ 15 \][/tex]Click On The Correct Answer.

Select All That Apply:In The Market For Money, The Intersection Of Demand And Supply Curves Determines The- Equilibrium Price Of Money- Equilibrium Interest Rat

What Is The Primary Goal Of A Nursery In The Context Of Early Childhood Education?A) Providing Care For Newborn InfantsB) Offering Specialized Medical Treatment

Suppose That Over Time Consumers Become More Focused On Stylistic Differences Among Shoe Brands.Which Of The Following Is Likely To Happen As A Result? Check Al

Pillowcoidn Pillowcoidn · Answer 1 · 2021-05-06T23:50:20-04:00

Pillowcoidn Pillowcoidn

06-05-2021

Answer: 33428.15.

Step-by-step explanation:

Answer Link

Ivorypenguinsidn Ivorypenguinsidn · Answer 2 · 2021-05-07T00:00:32-04:00

Ivorypenguinsidn Ivorypenguinsidn

07-05-2021

Answer:

In 10 years you would have saved $33,428.15.

Explanation:

A=P (1+ r/n)^nt

A = The final amount

P = The intial principal balance: $20,500

R = The interest rate: 4.95%

N = The number of times interest is applied per period: Semi annually (1.5)

T= The time periods elapsed: 10 years

A = 20,500 (1+4.95/1.5)^(1.5•10)

Answer Link

Sagot :

Other Questions