Find the total amount in the compound interest account.$50,000 is compounded daily at a rate of 7% for 1 year.

A. $66,000.00
B. $89,000.00
C. $53,500.00
D. $42,500.00


Answer: C

Mathematics

You might also like to view...

Determine whether the algebraic expression is a polynomial (Yes or No). If it is a polynomial, write the polynomial in standard form, determine the degree and state if it is a monomial, binomial, or trinomial. If it is a polynomial with more than 3 terms, identify the expression as a polynomial.7m4n4 + 6mn9 - 3

A. yes; 6mn9 + 7m4n4 - 3; degree 10; trinomial B. yes; 7m4n4 + 6mn9 - 3; degree 18; trinomial C. no D. yes; 6mn9 + 7m4n4 - 3; degree 9; polynomial

Mathematics

Find the equation in standard form of the parabola described.The vertex has coordinates (3, -5), and the focus has coordinates (4, -5).

A. (y + 5)2 = -4(x - 3) B. (x + 3)2 = -4(y - 5) C. (y + 5)2 = 4(x - 3) D. (x + 3)2 = 4(y - 5)

Mathematics

Provide an appropriate response.Identify the greatest common factor (GCF) of 2x2 + 4x.

A. 2 B. 4x C. x D. 2x

Mathematics

Solve the problem. Round to the nearest cent.If $400,000 is to be saved over 30 years, how much should be deposited annually if the investment earns 4.75% interest compounded annually?

A. $5241.82 B. $7597.78 C. $9287.47 D. $6283.78

Mathematics