Answered: If $4,800 is invested at an interest…

If $4,800 is invested at an interest rate of 3.2% per year, compounded monthly, find the value of the investment after 4 years. compound internet formulas .

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018

18th Edition

ISBN:9780079039897

Author:Carter

Publisher:Carter

Chapter7: Exponents And Exponential Functions

Section7.7: Writing Exponential Functions

Problem 8CYU

See similar textbooks

Related questions

Q: 3. How do you imagine the movement of the cars in the graph below? Do the initial positions matter?…

A: According to the initial position,the velocity line which starts from origin, means this car…

Q: Show that v1, v2, v3 are independent but v1, v2, v3, v4 are dependent: --8--0--1--0 Solve c1v1…

Q: In Exercises 1-2, classify the matrix as upper triangular, lower triangular, or diagonal, and decide…

A: To classify whether the matrix is upper triangular, lower triangular, or diagonal, and to decide by…

Q: Find the rank and the four eigenvalues of A and C. A= 1 1 1 1 11 1111 1 1 1 1 1 11 [1010] 0101 and C…

A: The given matrices are

Q: bought a $4000, 9-month certif when it matured. deposit (CD) that would earn 8% annual simple…

Q: Solve the following equations: (a) e2x3ex+2=0

A: The given equation,“Since you have posted multiple questions, we will provide the solution only to…

Q: Frogs have been dying like flies at the Enormous State University (ESU) campus! Each year, the…

A: a) f(t)=52000(0.65)2t b) 27250 tags c) 18 yrsExplanation:Step by step process below. Hope it helps.…

Q: Let P2 be the vector space of all real polynomials of degree at most 2. Let P1, P2, P3 Є P2 be given…

A: The values αϵR,β=0Explanation:Step 1:

Q: Week 5: Functions Vertical line test For each graph below, state whether it represents a function.…

A: Graph 1 yesGraph 2 yesGraph 3 noGraph 4 noGraph 5 noGraph 6 yes Explanation:

Q: Problem 4. Let A be an n x n matrix such that A² = I, where I is the n x n identity matrix. (a) What…

Q: O Week 2: Systems of Linear Equations Graphing a linear inequality in the plane: Slope-intercept…

A: Please find the attachment for the graph.Explanation:

Q: -3x +4 2 -3x 9x² -12x -4 Enter simplified answer here.

Q: Find the coordinate vector of v = = [7 −8 −7] relative to the ordered basis B = ([101],[011], [221]…

Q: The graph of 9(x) is shown below. Fill in the blanks to complete the equation for g(x). Enter the…

Q: Let B = {1, x, x², x³} be an ordered basis for P3. Find the coordinate vector of f(x)=-3x³- -…

A: Given:ordered basis for .To find:coordinate vector for f(x)=

Q: Question for math. If L varies directly as h, and L=56 when h=7, find L when h=3.

A: L varies directly as h, and L=56 when h=7, find L when h=3.

Q: A manufacturer produces three products, A, B, and C. The profits for each unit of A, B, and C sold…

A: A manufacturer produces three products: and .The profits for each unit of and sold are and…

Q: Which of the following values are solutions to the inequality minus, 6, minus, x, is less than or…

A: The objective of the question is to find out which of the given values are solutions to the…

Q: If Function A is a Cubic Function, with the points (3,26) (2,24) (4, 24.8) and (2.75, 25). Determine…

A: We need to find cubic equation.

Q: Of 19 possible books, you plan to take 6 with you on vacation. How many different collections of 6…

A: The objective of this question is to find out the number of different collections of 6 books that…

Q: x+1 Let f: R-{1}→R−{1}, f(x) = x-1 Find (fof)(x)

A: Given We have to find

Q: (5x+7)(3x+4)

Q: J TICKET ADMIT ONE A. $950 B. $1,400 C. $600 $1,800 BRAZORIA COUNTY FAIR PARKING 5% FOOD 25% VENDOR…

Q: Let u be a vector. Select the most correct statement.A. The vector 4u could be longer or shorter…

A: The objective of the question is to understand the relationship between the vectors 4u and -5u.

Q: 3 2 -5-4-3 1 2 3 -1 -2 -3 + 5 The function graphed above is: Increasing on the interval(s)…

A: Increasing on (−∞,−1)∪(2,∞)Decreasing on (1-,2)Explanation:Step 1: The function is increasing on the…

Q: a. Use a calculator to find the least-squares regression line in the form y = ax + b. b. Use the…

A: Use the calculator to find the linear regression.In your calculator press STAT.Select edit by…

Q: Write an expression that each company can use to describe the amount of money it costs them to…

A: Both company sell their product, it costs them to produce it and they sell it for different…

Q: If $5000 is invested at 7% annual simple interest, how long does it take to be worth $8150? yr

A: The simple interest formula Amount at time tInitial amount Rate of interest Time in years

Q: The principal represents an amount of money deposited in a savings account subject to compound…

A: We need to find accumulated amount and interest.

Q: 13.5

A: The objective of this question is to find the product of two given matrices. Matrix multiplication…

Q: 0.002098 into two sgnificant fugure

A: Given:a number 0.002098To find:convert the number into two significant figures

Q: Question 5. Please solve this and show work, thanks.

A: d. There is a linear system that has no solutions. A linear system can have no solution, infinite…

Q: 2. Solve for x. a) 9x+2 = 1 27 b) 82x+2 = 162-2 x+4 ©) (4) *** = (4) **³ x+3 d) 4(2x) = 256

A: We have to find the value of for the given equation.Note: According to the guidelines we are…

Q: Two containers designed to hold water are side by side, both in the shape of a cylinder. Container A…

A: The objective of this question is to find the volume of water in Container B after all the water…

Q: Graph the inequality. −x+4y>−16

A: The objective of the question is to graph the inequality -x + 4y > -16.

Q: Kindly answer it

A: The objective of this question is to find the eigenvalues and eigenvectors of the given matrix A =…

Q: Are the following matrices invertible?

A: Condition for invertible matrix - Any square matrix A is invertible if and only if the determinant…

Q: Consider the function graphed below 10+ 9 8 7 6 5 4 3 + -10 -9 -8 -7 -6 -5 -4-3-2 .1 8 10 -2 -3 -4…

A: The function is increasing in the interval [2,4]The function is decreasing in the interval…

Q: A Jacuzzi has dimensions of 203 x 236 x 84 cm. How many gallons of water do you need to fill it up…

Q: Solve the following logarithm equation then input your solution as an integer in the blank provided…

Q: $ Calculate the amount of interest earned in 9 years on $17,000 deposited in an account paying 10%…

Q: g(x) y f(x) th 6 5 + La do ci 10 6 a 3 + 2 -9 00,(0 + ×) 0 = ( × ) ɓ

A: Given: In the following graph, are shown.To Find: To write the equation of .

Q: If Function A is a Cubic Function, with the points (3,26) (2,24) (4, 24.8) and (2.75, 25). Determine…

A: The objective of this question is to determine the cubic function A that passes through the points…

Q: 12. A biologist began an experiment with 30 bacteria cells. After 5 hours, there were 1100 cells.…

Q: 2. Using a method of your choice, determine the quadratic factor and remainder when the

Q: what is the value of the line of symmetry

A: H(m)= 28-3m2+bm

Q: Problem 6. Find the eigenvalues and eigenvectors of the matrix A = 0120 068 00 0

Q: How much will $6,000 invested at the end of each year grow to in 3 years, assuming an interest rate…

Q: The differential equation -5xy²+4xy+ (-5x²y + 2x²+4) dz Has solutions of form F(x, y) = c where F(x,…

A: We need to find out the solution of the given differential equation.

Q: 1. Simplify the sum. State any restrictions on the variables. (x+6) 1 X + 2 - 36 x-6

Question

If $4,800 is invested at an interest rate of 3.2% per year, compounded monthly, find the value of the investment after 4 years.

compound internet formulas .

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

SEE SOLUTION Check out a sample Q&A here

Step by step

Solved in 1 steps

SEE SOLUTION Check out a sample Q&A here

Similar questions

Rachael deposits $1500 into a retirement fund each year. The fund earns 8.2% annual interest, compounded monthly. If she opened her account when she was 19 years old, how much will she have by the time she is 55? How much of that amount will be interest earned?
Angela invested $15,000 in a savings account. If the interest rate is 4%, how much will be in the account in 10 years by each method of compounding? compound quarterly compound monthly compound continuously
Rachael deposits $3,600 into a retirement fund each year. The fund earns 7.5% annual interest, compounded monthly. If she opened her account when she was 20 years old, how much will she have by the time she’s 55? How much of that amount was interest earned?
New grandparents decide to invest 3200 per month in an annuity for their grandson, The account will pay interest per year which is compounded monthly. How much will be in the child's account at his twenty-first birthday?
Interest Ron Hampton needs to choose between two investments: One pays 6% compounded annually, and the other pays 5.9% compounded monthly. If he plans to invest 18,000 for 2 years, which investment should he choose? How much extra interest will he earn by making the better choice?
Alyssa opened a retirement account with 7.25 APRin the year 2000. Her initial deposit was 13,500. How much will the account be worth in 2025 if interest compounds monthly? How much more wouldshe make if interest compounded continuously?