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

Find out more about future value on:https://brainly.com/question/25545513

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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

Naomi's square bedroom
has an area of 90 square feet. What is
the length of one of the walls? Round to the nearest tenth if
necessary. ( The answer is 9.5 but how to you get there ?)

Answers

Think of a number, that when multiplied with itself, will get you 90.

We could try something like 7. So 7*7 = 49, but it's too small.

How about 10? Well we get 10*10 = 100 which is too big. The answer is between 7 and 10.

Let's try 8. So we get 8*8 = 64 which is too small.

This process is repeated until you determine that the answer is somewhere between 9 and 10

9*9 = 81

10*10 = 100

----------------

From here, we can try 9.5 since it's right between 9 and 10

9.5*9.5 = 90.25

close but not quite there. It's a bit too large. So the actual value is somewhat smaller than 9.5

Let's try 9.4

9.4*9.4 = 88.36

That seems even worse off compared to 90.25, so 9.5 is the better answer.

-----------------

As a shortcut, you can use the square root on your calculator

[tex]\sqrt{90} \approx 9.4868 \approx 9.5[/tex]

how to solve:
10 x -7 = 4x + 5

Answers

~one variable linear equation

==================

10x - 7 = 4x + 5

= 10x - 7 - 4x = 5

= 10x - 4x = 5 + 7

= 6x = 5 + 7

= 6x = 12

= x = 12 ÷ 6

= x = 2 ✔️

~ nice to help you ^^

10x-7=4x+5
+7=.....+7
10x=4x+12
=-4x
6x=12
/6x =/6
X=2

auestion is in the picture, 10 points!

Answers

Answer:

  y = K/(16z)

Step-by-step explanation:

  [tex]K=16yz\qquad\text{given}\\\\\boxed{y=\dfrac{K}{16z}}\qquad\text{divide by the coefficient of y}[/tex]

A baseball diamond is a square with 90 foot sides. If the catcher is standing on home plate, what is the approximate distance to throw out a player headed to second base?


help!!

Answers

Answer:  approximately 127.3 feet

============================================================

Explanation:

Draw a straight line from home plate to second base. Two right triangles form. Each triangle has both legs equal to 90 ft. The hypotenuse is what we're after. We'll use the pythagorean theorem to find it.

[tex]a^2 + b^2 = c^2\\\\c = \sqrt{a^2 + b^2}\\\\c = \sqrt{90^2 + 90^2}\\\\c = \sqrt{16200}\\\\c \approx 127.27922\\\\c \approx \boldsymbol{127.3}\\\\[/tex]

It's approximately 127.3 feet from home plate to second base. This is a straight line distance. Any curved path the ball takes will travel a slightly longer distance; however, we only consider the straight line distance for the sake of simplicity.

solve pls brainliest

Answers

Answer:

$6.75

Step-by-step explanation:

try try serving it's ok glad to help

Fill in the blanks with one of the following symbols ∈, ∉, ⊆,
⊆, ⊂, or ⊄ to make each statement true.

6 ______{f, g. h, i,j, k, l}

Answers

E thank you your welcome

(b) Given also that x> 1 and x is an integer.
Write down all the possible values of x.

Answers

Answer:

X can be any whole or natural number greater than 1 so like 2 could work too but no decimals or fractions or any other irrational numbers such as pi.

Step-by-step explanation:

Hope this works for you. :)

Answer:

Step-by-step explanation:

X greater than or equal to 2 for any positive integer

hey ty if you can answer ​

Answers

Answer:

c (I think it is c, but I am not a 100% sure)

Step-by-step explanation:

x and y have to be same

Have a nice day! :-)

Answer:

  a.  ∞, -∞

Step-by-step explanation:

The line has negative slope, so the sign of the end value of y will be the opposite of the sign of the end value of x.

  x → -∞,  y → ∞ . . . . . off the top of the graph as x goes to the left

  x → ∞, y → -∞ . . . . . . off the bottom of the graph as x goes to the right

The end behavior is summarized as ...

  ∞, -∞ . . . . . matches choice A

please help I’ve been stuck on this for an hour

Answers

Answer:

-3/5

Step-by-step explanation:

8. The temperature on Monday was -5.4 degrees
Celsius. The temperature on Tuesday was 2.6
degrees less than the temperature on Monday.
What was the temperature on Tuesday?

Answers

Answer:   -4.1 degrees celsius

Step-by-step explanation:

Start at -1.5 on the number line. Then move 2.6 units to the left to arrive at -4.1

Or you can compute -1.5 - 2.6 = -4.1 to get the same result. When we subtract a number from a negative, you are effectively adding the two values and making the final result negative. So, 1.5+2.6 = 4.1 which turns into -4.1

Find an expression which represents the difference when (-x+9y) is subtracted from (-6+4y)

Answers

Answer:

x - 5y - 6

Step-by-step explanation:

- 6 + 4y - ( - x + 9y) ← distribute parenthesis by - 1

= - 6 + 4y + x - 9y ← collect like terms

= x - 5y - 6

!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!1

Answers

Answer:

y - 3 = -12(x - 5)

Step-by-step explanation:

This is what point slope form looks like:

y - y1 = m(x - x1)

(5, 3) is our known point, represented as (x1, y1).

Now, just plug in the given slope and point into the equation:

y - 3 = -12(x - 5)

1 A function is represented by the following set of
ordered pairs.
{(-3,-13), (0, -7), (3, -1), (6,5)}
Which equation represents the function?
A y = 3x - 7
B y = 6x - 7
c y=2x - 7
Dy=2x-7

Answers

Answer:

  C.  y = 2x -7

Step-by-step explanation:

You can use any pair of points to find the slope. Use the slope formula:

  m = (y2 -y1)/(x2 -x1)

  m = (-7 -(-13))/(0 -(-3)) = 6/3 = 2

This is the coefficient of x in the slope-intercept form ...

  y = mx +b

The second point (0, -7) tells you that b = -7, so the equation is

  y = 2x -7 . . . . matches C

ANSWER

1 A function is represented by the following set of ordered pairs. {(-3,-13), (0, -7), (3, -1), (6,5)}

Which equation represents the function?

A y = 3x - 7B y = 6x - 7c y=2x - 7Dy=2x-7

Therefore the answer i letter D.

#CarryOnLearning

DIRECTIONS: Use this information to answer Parts A and B.

Home sold for $286,000. The amount the homeowner received, before taxes and closing costs, was the selling price minus the commission to the real estate agent, which was 6%.

Question 1
Part A

How much commission did the real estate agent earn on the sale?

Part B

How do you know your answer is reasonable?

Answers

Answer:

268,840

Step-by-step explanation:

286,000 x 6% commission= 17,160. you then subtract this commission from the sold price of 286000=$17160

Determine whether the point (2, -3) is on the graph of each equation-

1) 4x + y= 11

2) 10x - 4y = 23

Answers

Answer:

1. Solving for x. Want to solve for y instead?

1 Subtract yy from both sides.

4x=11-y

4x=11−y

2 Divide both sides by 44.

x=\frac{11-y}{4}

x=

4

11−y

Sort the expressions into the correct categories based on their value. Note that some expressions may not belong to any of the categories.

(help with the circled ones)

Answers

Answer:

the answer for (9squared divided by 3) - ( 3 x 5 ) = 12

Step-by-step explanation:

(9squared divided by 3) - ( 3 x 5 ) = 12

9x9 = 81

81 ÷ 3 = 27

27 - (3x5)

3 x 5 = 15

27 - 15 = 12

so it goes in the 12 box

4squared - ( 2 x 3 )

4squared = 4 x 4

4 x 4 = 16

16 - (2 x 3)

2 x 3 = 6

16 - 6 = 10

so it goes in the 10 box

A Web site charges $0.99 to download a game and a $12.49 membership fee. Write an expression that gives the
total cost in dollars to download g games. Then find the cost of downloading 6 games.

Answers

Answer:

Part A (Equation): C(g) = 0.99g + 12.49

Part B: Total cost of 6 games = $18.43

Step-by-step explanation:

Given the $0.99 charge to download a game, and a membership fee of $12.49:

Part A: Find the Equation of Total Cost, C, and Number of Games (g)

A cost function (or equation) that represents the total cost (C ), in dollars, to download g number of games is:  

C(g) = 0.99g + 12.49

where:

0.99 (cost per downloaded game) = represents the rate of change (or slope). This means that the total cost increases by $0.99 for every game that is dowloaded.  12.49 (membership fee) = the initial value or flat fee (y-intercept).

Part B:  Find the cost of downloading 6 games:

To find the cost of downloading 6 games C(6), substitute the value of g = 6 into the equation:

C(g) = 0.99g + 12.49

C(6) = 0.99(6) + 12.49

C(6) = 5.94 + 12.49

C(6) = 18.43

Therefore, it costs $18.43 to download 6 games.

Help! I have no idea how to do t his. Pls help. Show your work too, thank you! Question in the picture.

Answers

Answer:

  $87.50

Step-by-step explanation:

To answer this question, you make use of the formula for simple interest:

  I = Prt

This is the interest I on principal amount P at annual rate r for t years.

You have P = $3500, r = 0.025, t = 1, so the interest is ...

  I = $3500×0.025×1 = $87.50

You would receive $87.50 in interest on your savings account.

_____

Additional comment

Many calculators, and all spreadsheets, can use a percentage number directly in the calculation. If yours can't, then you must convert the percentage to a decimal fraction. You can think of the "%" symbol as equivalent to "/100" or "×0.01". The decimal equivalent of 2.5% is 2.5/100 or 2.5×0.01 = 0.025.

__

We have assumed the account earns simple interest, because there is no mention of interest compounding, or of a monthly accounting. In many real-life savings accounts, the interest is computed each month and added to the balance. The computation for the following month includes interest on the interest earned previously. We say the interest is compounded in that case. The formula for compound interest is different from the one shown here.

Youssef paid AED 8 for 12 eggs.
Determine the cost of 3 eggs.

Answers

Solving:

To solve this problem, you must first know how much 1 egg costs, for this we have to divide:

[tex]\begin{matrix}\space\space\space\space\space\space\emptyspace \sf 1,5\space\space\space\space\space\space\space\space\space\space\space\space\\ \sf 8\overline{|\smallspace \sf 12}\space\space\space\space\space\space\space\space\space\space\space\space\end{matrix}\\\underline{\sf 8}\\\sf 40\\\underline{\sf 40}\\(0)[/tex]

Now we know an egg costs $1.5, so:

[tex]\sf 1,\:5\:+1,\:5+1,\:5=\boxed{\sf 4,5}\ll Eggs[/tex]

Okay?!

Answer:

  AED 2 for 3 eggs

Step-by-step explanation:

Price (p) is proportional to the number of eggs:

  p/3 = 8/12

  p = 3(8/12) = 8(3/12) = 8/4 = 2

The cost of 1/4 as many eggs will be 1/4 as much: AED 2 for 3 eggs.

HELP ALSO CHECK OUT MY OTHER QUESTION THERE BOTH 20 POINTS!!!
jonathan needs 3 5/8 yards of blue material and 6 3/4 yards of red material. how many yard does he need in all.
A. 9 2/3
B. 9 3/8
C. 10 2/3
D. 10 3/8

Answers

Answer:

D. 10 3/8

Step-by-step explanation:

First make them into a improper fraction

[tex]\frac{29}{8} +\frac{27}{4}[/tex]

Find the lowest common denominator:

[tex]\frac{29}{8} +\frac{27*2}{4*2}[/tex]

Multiply the denominators:

[tex]\frac{29}{8} +\frac{27*2}{8}[/tex]

Multiply the numerators:

[tex]\frac{29}{8} +\frac{54}{8}[/tex]

Combine the fractions:

[tex]\frac{(29+54)}{8}[/tex]

Combine the numerators:

[tex]\frac{83}{8}[/tex]

=

[tex]10\frac{3}{8}[/tex]

Hence, D. 10 3/8 is the Correct answer.

What is the point slope and slope intercept of this graph below

Answers

Answer:

Line is y = -3x + 3

Slope = -3

y-intercept = 3

Step-by-step explanation:

Slope is the movement up or down, and left or right. Y-intercept is the point in which the line crosses the y-axis. In slope-intercept form (y=mx+b), m represents the slope, while b represents the y-intercept.

So since the line crosses the y-axis at positive 3, that will be the y-intercept. Now if we go from that very same point, and do rise/run, we'd move downwards 3 units and to the right 1 unit, to get our slope of -3/1 (it's written as just -3 though).

So now we plug it in: y = -3x + 3

Hope this helps you :)

Work out the percentage change to 2 decimal places when a price of £198 is increased to £209.99.

Answers

Percentage Calculator: What is the percentage increase/decrease from 198 to 209.99? = 6.0555555555556!

Answer:

6.06%

Step-by-step explanation:

198 + 6.06%=209.9988

PLS help im stuck i dont understand how to do the problem

Answers

5/3x+8
5/3 is the slope

Simplify the following surd expressions
a) 9V3 -4V3 + V5 + 2V5
b) 10V2 + 4V7 - 6V2

Answers

a.9v3-4v3+v5+2v5

=5v3+v3+2v5

=5v3+3v5

b.10v2+4v2+6v2

=4v2+4v7

I need help

(No link please)

Answers

Answer:

the formula for finding the perimeter of a rectangle is P=2L+2W

an example of how to find the perimeter is

Explanation:

For a rectangle, its perimeter is the sum of all for sides.

The rectangle has a perimeter of 54. Find the lengths of the unknown side. That is, find S.

54=20+20+S+S

Simplify

54=40+2S

Solve for S

14=2S

S=7

Step-by-step explanation:

2. The perimeter of a rectangle is 56m. The length is two less than four times the width. Find the length.

Answers

Answer:

Length=22 cm

Step-by-step explanation:

Perimeter=56 cm

let width=x

According to given condition:

length=4x-2 ...........(A)

Perimeter=2(length+width)

Substitute the values in above formula:

56cm=2(4x-2+x)

56cm=2(5x-2)

56cm=10x-4

(56+4)=10x

60 cm=10x

x=60cm/10

x=6cm

For the value of length :

Substitute the value of x in equation (A):

Length=4x-2

Length=4(6)-2 cm

Length=24-2 cm

Length=22 cm

If you have any confusion in this question, please let me know.

Find the coordinates of point X if the midpoint of XY is (3,-5) and the coordinates of point
Y is (7,1)

Answers

Answer:

(7, -1) maybe...

4) The original value of a painting is $9,000 and the value increases by 7% each year. In what year,
will the painting be worth $50,000? Show all work.

Answers

Answer:

The year will be 5 years from the starting year

Step-by-step explanation:

because if you add 7% by 9,000 until you get 50,000 just count how many times you added

dude these qts are due in 10 mins pls help!

Answers

Answer:

I can't see the last answer choice.

9/LM = 6/4.5

Step-by-step explanation:

9cm is to 6cm as LM is to 4.5cm

9/6 = LM/4.5

Rewriting:  9/LM = 6/4.5

how is the answer 4?? ​

Answers

Answer:

see below

Step-by-step explanation:

log sqrt5  (25) = y

we know that loga (b) = c  can be rewritten as  a^c = b

sqrt(5) ^ y = 25

Rewriting sqrt(5) as 5^1/2  and 25 as  5^2

5^1/2 ^ y = 5^2

we know a^b^c = a^ (b*c)

5 ^ 1/2y = 5^2

1/2y = 2

y = 4

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