Use values from the compound interest table to find the compound amount. Round to the nearest cent.
$15,000 at 6% compounded semiannually for 8 years
A. $23,907.72
B. $22,200.00
C. $24,070.65
D. $19,001.55
Answer: C
You might also like to view...
Solve the problem.Find the area under y = in the first quadrant.
A. 8? B. 4? C. 2? D. 16?
Simplify.
A. x
B.
C. 16
D. x
Solve the problem.Suppose the supply and demand for a certain videotape are given by: supply: p = q2; demand: p = -
q2 + 37where p is price and q is quantity.How many videotapes are demanded at a price of $22?
A. About 11 videotapes B. About 8 videotapes C. About 10 videotapes D. About 9 videotapes
Solve the problem.Marty's Tee Shirt & Jacket Company is to produce a new line of jackets with an embroidery of a Great Pyrenees dog on the front. There are fixed costs of $660 to set up for production, and variable costs of $28 per jacket. Write an equation that can be used to determine the total cost, C(x), encountered by Marty's Company in producing x jackets, and use the equation to find the total cost of producing 109 jackets.
A. $3724 B. $3692 C. $3704 D. $3712