Torren deposits $4500 in an account earning 2% interest, compounded annually. The equation that represents this situation is
A (n) = 4500 (1+0.02) ^n-1
How much will he have in the account at the beginning of year 7? Round your answer to the nearest dollar.
A. $13,437
B. $27,540
C. $5,169
D. $5.068
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Torren deposits $4500 in an account earning 2% interest, compounded annually. The equation that represents this situation is A (n) = 4500 ...” in 📘 Mathematics if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
Is 0.8 a rational or irrational number
Answers (1)
Alexandra wants to sign up for cell phone service she trying to decide which company she should choose.
Answers (1)
The ratio of yellow marbles to green marbles is 5 yellow marbles to 9 green marbles. If there are 18 green marbles, how many yellow marbles are there?
Answers (2)
Divide (-7x+x^2+15) / (-3+x)
Answers (1)
What is 4574/24 mean
Answers (2)
New Questions in Mathematics
The total volume of two spheres is 10π cubic units. The ratio of the areas is 4:9. What is the volume of the smaller sphere in cubic units?
Answers (1)
On a biased dice the probability of rolling a 1 is 0.3 the dice is rolled 150 times how may ones do you expect to roll?
Answers (1)
Quinton brought 40 cupcakes to school on his birthday. He gave a cupcake to each of the 18 students in Ms. Delmonts class. He also gave a cupcake to each of the 16 students in Mrs Donnelly's class. He also gave a cupcake to Ms.
Answers (2)
michael started a savings account and after 3 weeks, he had $500 dollars, and after 7 weeks, he had $900. What is the rate of change of money in his savings account per week?
Answers (1)
Which property is illustrated by the following statement if ABC=DEF and DEF=XYZ then ABC=XYZ
Answers (2)