Kevin deposits $1,000 per year into an account that pays 5.2% interest compounded monthly. How much money will be in Kevin’s account at the end of 7 years?
a. $7,091.66
b. $7,097.11
c. $7,364.00
d. $10,640.33
a. $7,091.66
You might also like to view...
Find the values that make the equation true.
= 
A. a = -3, x = -3 B. a = 4, x = -3 C. a = -3, x = 4 D. a = 4, x = 4
Solve the problem using the loan payoff table or an amortization table.
A real estate company borrowed $305,000 to develop some condos. It amortized the loan to pay monthly for 4 years at 8% interest. Find the amount of each monthly payment.
A. $8,350.90 B. $6,743.55 C. $7,591.45 D. $7,445.05
Determine whether the relation represents a function. If it is a function, state the domain and range.
A. function domain: {Alice, Brad, Carl} range: {cat, dog} B. not a function C. function domain: {cat, dog} range: {Alice, Brad, Carl}
Use properties of logarithms to expand the logarithmic expression as much as possible. Where possible, evaluate logarithmic expressions without using a calculator.log3
A. - 3log3x
B. 9 - 
log3x
C. log3x - 3
D. 
log3x - 3