Solve the problem.Find the amount in a savings account at the end of 4 years if the amount originally deposited is $2000 and the interest rate is 7% compounded semiannually.Use: A = Pntwhere:A = final amountP = $2000 (the initial deposit)r = 7% = 0.07 (the annual rate of interest)n = 2 (the number of times interest is compounded each year)t = 4 (the duration of the deposit in years)

A. $16,560.00
B. $2633.62
C. $2295.05
D. $2896.98


Answer: B

Mathematics

You might also like to view...

The running speed R, in feet per second, of certain animals depends on their length L, in inches.  The relationship is . ? A:  Solve this equation for L to get an expression that gives the length in terms of the running speed.B:  If an animal 20.72 is inches long, how fast does it run?C:  How long is an animal that runs 32.50 feet per second?

What will be an ideal response?

Mathematics

Find the marked price and sales tax. Round to the nearest cent.Total Sale: $2617.70Sales Tax Rate: 6%

A. $2446.45; $171.25 B. $2493.05; $124.65 C. $2469.53; $148.17 D. $1636.06; $981.64

Mathematics

For the compound inequality, decide whether intersection or union should be used. Then give the solution set in both interval and graph forms.x ? -6 or x > 6

A. Intersection; ?

B. Union; (-?, ?)

C. Union; (-?, -6] ? (6, ?)

D. Union; [-6, 6)

Mathematics

Find the probability.What is the probability that the arrow will land on 2 or 1?

A. 2 
B.
C.  
D.

Mathematics