Solve the problem.How much money needs to be invested now to get $2000 after 4 years at 8% compounded quarterly? Express your answer to the nearest dollar.
A. $1457
B. $584
C. $2746
D. $1848
Answer: A
You might also like to view...
Solve the problem.Suppose that f(x) gives the cost of a rental car after x days of use at $48 per day. If you solve the equation what are you finding?
A. The cost of rental for 48 days B. The number of days rented for $201 C. The number of days rented for $48 D. The cost of rental for 201 days
Find the product AB, if possible.A = , B =
A.
B.
C. AB is not defined.
D.
Solve the problem. Round your answer to the nearest cent.Andrea Gilford's savings account has a balance of $485. After 6 years, what will the amount of interest be at 8% compounded quarterly?
A. $19.40 B. $286.09 C. $300.09 D. $295.09
Graph. Label any intercepts and determine the slope of the line. If the slope is undefined, state this.x = 6
A. x-intercept: (0, 6), m: 0
B. x-intercept: (0, 0), m: 6
C. x-intercept: (6, 0), m: undefined
D. x-intercept: (6, 0), m: