Suppose that $2000 is placed in an account that pays 2% interest compounded each year. Assume that no withdrawals are made from the account.

Answers

Answer 1

The amount in the account after 1 year is $2,040.00

The amount in the account after 2 years is $2,080.80

What is future value of a single cash flow?

The future value of a single cash flow like the $2,000 is the future equivalent worth of the initial amount when interest earned is added to it.

The future value in this case can be determined as shown thus:

FV=PV*(1+r)^N

FV=unknown future value

PV=initial investment=$2000

r=interest rate=2%

N=years of investment , 1 and 2 years respectively

FV after one year:

FV=$2000*(1+2%)^1

FV=$2,040.00

FV after  two years:

FV=$2000*(1+2%)^2

FV=$2,080.80

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Full question:

Suppose that $2000 is placed in an account that pays 2 % interest compounded each year. Assume that no withdrawals are made from the account.

Find the amount after one year. Find the amount after two years


Related Questions

A gold mine has two​ elevators, one for equipment and another for the miners. The equipment elevator descends feet per second. The elevator for the miners descends feet per second. One​ day, the equipment elevator begins to descend. After ​seconds, the elevator for the miners begins to descend. What is the position of each elevator relative to the surface after another second? At that​ time, which elevator is​ deeper?

The position of the equipment elevator relative to the surface is (blank) feet

Answers

Answer:

272

Step-by-step explanation: I had i

Find an equation of the circle whose diameter has endpoints (1,1) and (-5,-3) .

Answers

Answer:

(x+2)^2 + (y+1)^2 =13

Step-by-step explanation:

PLEASE HELP.
WILL GIVE BRAINLIEST!!
ANY WRONG ANSWERS OR LINKS WILL BE REPORTED !!!

Answers

Answer:

b; |-4|<|-5|

Step-by-step explanation:

Absolute value is the distance from zero, so the absolute value of -5 is greater than the the absolute value of -4.

Belvedere goes to the store and buys a garden statue for $30. The store has a sales tax rate of 7.8%. How much tax will Belvedere have to pay?

Answers

Answer:

$2.34

Step-by-step explanation:

30x0.078=2.34

What number should go in the space?
Multiplying by 0.51 is the same as decreasing by _____%.

Answers

Answer:

49

Step-by-step explanation:

x multiplied by 0.51 is the same as 49% of x

using oliver's table, how can you find the unit rate

Answers

The unit rate of the distance covered per unit stride taken is; 3.5 ft per stride.

How to find the unit rate?

From the given table and graph, we see that;

Number of strides taken is on the x-axis.

Distance covered for each respective number of strides is on the y-axis.

Now, the rate will be;

Rate = Change in Distance covered/Change in number of strides

Thus;

Rate = (14 - 7)/(4 - 2)

Rate = 7/2

Rate = 3.5 ft per strides

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Answer:

Oliver’s table indicates that for every increase of 2 strides, the distance he travels increases by 7 feet. So, the change in distance divided by the change in stride gives the unit rate.

Step-by-step explanation:

clara has a positive acceleration for 5 minutes

Answers

Answer:

The answer is C.

Step-by-step explanation:

Becky's medical bill is $1374. She has a $150 deductible, plus 85% medical insurance
How much will Becky pay?
Helpppp

Answers

Answer:

$333.60

Let me know if you have any questions

2x =3 solve for x in this equation​

Answers

Answer:

the answer is 3/2

Step-by-step explanation:

2x =3

x= 3/2 when you divide both sides by 2

Answer:

I might be wrong but 1 and 1/2

Step-by-step explanation:

I divided both sides by 2 to isolate the x

I got x = 3/2 which also equal 1 1/2

A shipping container is In the shape of a right rectangular prism with a Length Of 11.5 feet a width of 10.5 feet and a height of 13 feet The container is compeletly filled with contents that weigh on average 0.29 pound per cubic foot. What is the weigh of the contents in the container to the nearest pound?

Answers

Answer:

0.30

Step-by-step explanation:

I'm not hundred percent sure but I believe it's 0.30

Answer:

V=455

Step-by-step explanation:

V= (L)(w)(H)

v= (11.5)(10.5)(13)

v=1569.75ft^3

v= (1569.75ft^3)(.29/ft^3)=445

What is the value of the function Y equals 2X plus 3 When x equals -1

Answers

Answer:

1

Step-by-step explanation:

Y=2x+3

Y=2×(-1)+3

Y=1

A number is between 14 and 19. It has prime factors of 2 and 3. What is the​ number

Answers

Answer:

18

Step-by-step explanation:

18devided by 3 is 6 and 18 divided by 2 is 9

The number that has prime factors of 2 and 3 is 18.

What are prime factors?

Prime factors are factors that are prime numbers. Prime numbers are numbers that are divisible by one and itself. Examples are 2 and 3.

What are the factors of the numbers between 14 and 19?

Factors of 15 = 1, 3, 5, 15 Factors of 16 = 1, 2, 4, 8, 16Factors of 17 = 1, 17Factors of 18 = 1, 2, 3, 6, 8, 16

To learn more about  factors, please check: https://brainly.com/question/26073850

The exchange rate at the Post Office is $1 = (1.17

How many euros will you get for E280?

Answers

Answer:

In £280, there will be €327.6.

Step-by-step explanation:

Since we have given that

£1 = €1.17

We need to find the value of  £280.

Using "Unitary method", we will multiply 1.17 by 280 and we get that

Hence, in £280, there will be €327.6.

# learn more:

The exchange rate at the post office is 1 pound = 1.17 euros

how many euros will you get for 280 pounds

Multiply 280 both sides

£ 280 = € 1.17 × 280

£ 280 = € 327.6

£ 1 = € 1.17

(Hope this helps can I pls have brainlist (crown)☺️)

Help me pleaseeeeeeeeereere

Answers

Answer:

£3.9

Step-by-step explanation:

Philip went to the shop with £9.60

spent £5.70

Money left = £9.60 -£ 5.70

                  =£3.9

Hence,

He came home with £3.9

Answer:

£3.9

Step by step explanation:

£9.60-
£5.70=
————
£3.9 (the remaining money)

Help with elimination

Many Thanks

Answers

[tex]\left \{ {{-6y = -12} \atop {3x + 2y = -2}} \right. <=> \left \{ {{y = 2} \atop {3x + 2y = -2}} \right. <=> \left \{ {{y=2} \atop {3x + 2*2 = -2}} \right. <=> \left \{ {{y=2} \atop {3x = -6}} \right. <=> \left \{ {{y=2} \atop {x=-2}} \right.\\ => \left \{ {{y=2} \atop {x=-2}} \right.[/tex]

-7x > 10
Solve for x

Answers

Answer:

x > -10/7

Step-by-step explanation:

divide both sides by -7 and it will be x= -10/7


Show me the
volume of a cube
with side lengths
of 2

Answers

Answer:

8

Step-by-step explanation:

v=l*w*h so 2^3=8

Calculate the volume of a similar channel whose radius 1.5m. I need help in checking is A is correct and please send B with working if possible 3 first to answer gets ranked

Answers

Answer:

252.21m

Step-by-step explanation:

Times it by 3 and that should give you the answer you are looking for. Please mark it as brainliest

what is the quotient of 3/4 and 5/8

Answers

Answer:

6/5

Step-by-step explanation:

3/4 ÷ 5/8

Keep Change Flip

3/4x8/5

=6/5

Hope this helps :)

Use properties to rewrite the given equation. Which equations have the same solution as 2.3p – 10.1 = 6.5p – 4 – 0.01p? Select two options.

a. 2.3p – 10.1 = 6.4p – 4
b. 2.3p – 10.1 = 6.49p – 4
c. 230p – 1010 = 650p – 400 – p
b. 23p – 101 = 65p – 40 – p
e. 2.3p – 14.1 = 6.4p – 4

Answers

Hope helps!,,,,,,,!,,,,

A cyclist travels 5.3 km in 30 minutes. What is his average speed in km/h?​

Answers

Answer:

10.6 km/h

Step-by-step explanation:

avg. speed in km/h literally tells us how much distance (in km) the cyclist travels in an hour. An hour happens to be double that of 30 minutes, so the distance will be double of 5.3km. The distance over an hour is 10.6km, so the speed is 10.6km/h.

Alternatively, you can simply divide distance by time:

5.3km / 30min = 5.3km / (1h / 2) = 5.3km * 2 / 1h = 10.6km/h

Answer:

hope this helps

Step-by-step explanation:

5.3 km 3.293 miles so the average speed would be 6.59 mph

Can someone help me out with this please​

Answers

Answer:

  a. $4200

  b. $32,300

  c. $5814

  d. $30,686

  e. 2557.17

Step-by-step explanation:

a.

The man can claim all of the allowances shown in the problem statement, except the single person's allowance.

  total allowances = married + young child + child in school + dependent relative

  total allowances = $2400 +500 +1000 +300 = $4200

__

b.

The man's taxable income is his income after allowances have been deducted:

  taxable income = gross income - allowances

  taxable income = $36,500 -4,200 = $32,300

__

c.

The tax is found by multiplying the tax rate by the taxable income.

  tax = (tax rate) ×(taxable income)

  tax = 0.18 × $32,300 = $5,814

__

d.

The net income is the gross income less the taxes paid.

  net income = gross income - tax paid

  net income = $36,500 -5,814 = $30,686

__

e.

The man's net monthly salary will be 1/12 of his annual net income.

  net monthly salary = $30,686/12 ≈ $2,557.17

To get a free bonus gift, you must spend at least $100 in a

certain department store on Tuesday. On Tuesday, Mary made

purchases of $15, $26.50, and $40. What is the least amount she

needs to spend in order to be eligible for the bonus gift?

Answers

Spent amount= $81.50

Pending= $18.50

Help mE ASAPPPPPPPP PLSSSSS

Answers

Answer:

I think its

B) CG

I hope its right

solve pls brainliest

Answers

Answer:

1)3 meters/second

2)-16°C

Step-by-step explanation:

Hope it can help you lovelots

QUESTION 9 of 10: You enter a bid. Your cost on the product you make is $112 per unit. If you bid at $138 per unit, what percent is the price
you bid over your cost? (Round to the nearest percent)
O a) 19%
Ob) 23%
O c) 81%

Answers

I would say B as the answer... 81 is just to high and 19 doesn't seem right.. so I'm just gonna go with B 23%

I am very sorry if this is wrong in anyway!

Answer:

the answer is 23%

Step-by-step explanation:

i used a percent increase calc... was too lazy to do the work haha


What is the value of the expression
4(2+y)
2y-z when x=2 and y=4

A.4
B.8/3
C.12/5

Answers

4(2+y)2y-z when x=2 and y=4

4(2+4)2×4-z

4(6)(8-z)

(4×6)(-8z)

24-8z

z=24÷8

8/3

Therefore 8/3 is last answer .

The value of the expression [4(2 + y)] / (2y - x) at x = 2 and y = 4 will be 4. Then the correct option is A.

What is the value of the expression?

When the relevant components and basic processes of a numerical method are given values, the expression's result is the result of the computation it depicts.

The definition of simplicity is making something simpler to achieve or grasp while also making it a little less difficult.

The expression is given below.

⇒ [4(2 + y)] / (2y - x)

The value of the expression at x = 2 and y = 4 will be given as,

⇒ [4(2 + 4)] / [2(4) - 2]

Simplify the equation, then we have

⇒ (4 × 6) / (8 - 2)

⇒ 24 / 6

⇒ 4

The value of the expression [4(2 + y)] / (2y - x) at x = 2 and y = 4 will be 4. Then the correct option is A.

More about the value of the expression link is given below.

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49 kilogram of baking soda costs $2. How much does 1 kilogram of baking soda cost?

Answers

Answer:

4.5

Step-by-step explanation:

Answer:

4.5

Step-by-step explanation:

4.5

A cyclist travels 6.7 km in 30 minutes. What is his average speed in km/h?​

Answers

Answer:

[tex]\implies \footnotesize \text{ Average Speed} = \dfrac{ \text{Total Distance}}{ \text{Total time}} \\ [/tex]

30 min = ½ hr.

[tex]\implies \footnotesize \text{ Average Speed} = \dfrac{ 6.7 \: km}{ \frac{1}{2} \: hr }[/tex]

[tex]\implies \footnotesize \text{ Average Speed} = 6.7 \times 2 \: km/h[/tex]

[tex]\implies \footnotesize \textbf{ Average Speed = 13.4 \: km/h}[/tex]

His rate is 13.4km/ hour

Data;

Distance = 6.7kmTime = 30 minutes

Conversion From Minutes to Hours

To solve this problem, we have to convert his speed from km/min to km/h

[tex]60min =1 hour\\[/tex]

Since his rate is 6.7kmin 30 minutes, let's convert it to hour

[tex]6.7km = 30min\\x km = 1min\\x = \frac{6.7}{30} \\x = 0.223km/min[/tex]

But to convert minutes to hours, we have to divide the time by 60

[tex]0.223\frac{km}{min}*60/1 = 13.4[/tex]

From the calculation above, his rate is 13.4km/ hour

Learn more on conversion from minutes to hours here;

https://brainly.com/question/4845674

do anybody know the answer to dis

53.9 - 5.07

Answers

Answer:

48.83

Step-by-step explanation

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