Solve the problem. Round to the nearest cent.Lou has an account with $10,000 which pays 7% interest compounded annually. If to that account, Lou deposits $5000 at the end of each year for 3 years, find out the amount in the account after the last deposit.
A. $16,074.50
B. $26,074.50
C. $28,174.50
D. $28,324.93
Answer: D
You might also like to view...
Fill in the missing value.17.02 dam = m
A. 0.17 B. 1.702 C. 170.2 D. 1702
Tell whether the statement is true or false.7 ? {-3, 8, 9, 12}
A. True B. False
A bacteria culture is experiencing a growth pattern of 15% per hour in its population P; that is dP / dt = 015P; where P is the population of the culture and t is the time, in hours, from noon.
(a) Given that the town’s population at noon was 8000, find the solution of the equation assuming P0 = 8000 and k = 0.15 . (b) What will the population be at 5 pm? (c) What is the doubling time of the population?
Solve triangle ABC. If necessary, round the answer to the nearest tenth.B = 50.9°, C = 111.5°, b = 15.7 centimeters
A. A = 15.6°, a = 18.8 cm, c = 6.1 cm B. A = 15.6°, a = 20.80 cm, c = 8.10 cm C. A = 17.6°, a = 6.1 cm, c = 18.8 cm D. A = 17.6°, a = 8.10 cm, c = 20.80 cm