Compute the compound interest.John Lee's savings account has a balance of $2174. After 7 years, what will the amount of interest be at 8% compounded annually? Round to the nearest dollar.

A. $1543
B. $173
C. $1552
D. $1557


Answer: C

Mathematics

You might also like to view...

Find dy/dx without eliminating the parameter.x = , y = 

A.
B.
C.
D.

Mathematics

Identify the type of argument and determine its validity with a Venn diagram.Premise: If you break curfew, then you will be punished.Premise: Thelma was punished.Conclusion: Thelma broke curfew.

What will be an ideal response?

Mathematics

Find an equation for the given function.f(x) = x2 - x - 4; g(x) = x3 - x2 + xFind (f + g)(x).

A. (f + g)(x) = x3 - x2 - x - 4
B. (f + g)(x) = 2x3 - 3x2 - 3x
C. (f + g)(x) = x3 - x2 - x - 4
D. (f + g)(x) = 2x3 - x2 - 3x

Mathematics

Find the expected value.A fair coin is tossed three times, and a player wins $3 if 3 tails occur, wins $2 if 2 tails occur and loses $3 if no tails occur. If one tail occurs, no one wins. What is the expected value of the games?

A. $0.75 B. $2.00 C. -$3.00 D. $3.00

Mathematics