受欢迎的 >

Jason puts 2,092.00 into an account to use for school expenses. The account earns 14.46% interest, compounded quarterly. How much will be in the account after 7 years?

解答

Jason puts 2, 092.00 into an account to use for school expenses. The account earns 14.46% interest, compounded quarterly. How much will be in the account after 7 years?

解答

Amount : 5654.51

求解步骤

Translate the problem into an equation:

A = 2092 (1 + \frac{0.1446}{4})^{4 \cdot 7}

2092 (1 + \frac{0.1446}{4})^{4 \cdot 7} = 5654.51496 \dots

Round to the nearest hundredth:

5654.51

Amount : 5654.51

流行的例子

What will be the amount in an account with initial principal 9000 if interest is compounded continuously at an annual rate of 3.25% for 7 years?The sum of ten and two times a number is 34. What is the number?The sum of the squares of two consecutive even integers is twenty.Suppose an investment earns 3.2% interest compounded continuously. Find the future value of a 5400 investment after 19 years. Round your answer to the nearest cent, if necessary.the 差集 of a number and 8