Solve the problem.Sun Woo Kim invested $2500 at 4% compounded semiannually. How much will be in the account after 8 years? Round to the nearest cent.
A. $3431.96
B. $2929.15
C. $4682.45
D. $3421.42
Answer: A
Mathematics
You might also like to view...
Simplify.5 ? 4 - 6
A. 120 B. 14 C. 26 D. 10
Mathematics
Find the lump sum deposited today that will yield the same total amount as this yearly payment made at the end of each year for 20 years at the given interest rate, compounded annually.$7000 at 4%
A. $95,111.10 B. $95,132.28 C. $91,937.30 D. $98,204.40
Mathematics
Solve the equation.4(3n + 8) = -7
A.
B. -
C. -
D.
Mathematics
Write the first four terms of the sequence defined by the recursion formula.a1 = 5 and an = 4an-1 for n ? 2
A. 5, 20, 80, 320 B. 5, 22, 82, 322 C. 16, 64, 256, 512 D. 5, 19, 18, 17
Mathematics