Find the compound interest future value using the given principal P, interest rate i, time t, and compounding frequency. Round to the nearest cent.P = $4000, i = 2.97%, compounded annually, t = 8 years
A. $5055.29
B. $4831.60
C. $4950.40
D. $4909.47
Answer: A
You might also like to view...
The number is an element in which of the following sets?
A. ?Set of whole numbers. B. ?Set of real numbers. C. ?{x | x is a rational number} D. ?Set of numbers that are divisible by 6. E. ?Set of rational numbers. F. b, c, and e
Solve the problem.The number of births in County A has been increasing in recent years. Use the information given in the bar graph for the years 1960 and 1990, letting x = 0 represent the year 1960 and letting y represent the number of births. Use the graph to estimate the number of births in 1980.
A. 1900 B. 1975 C. 1875 D. 2050
Integrate the function.dt
A. - + C
B. - + C
C. - + C
D. - + C
Divide and round to the nearest hundredth.190.6 ÷ (-2.3)
A. -8.29 B. 8.29 C. 82.87 D. -82.87