demirjianchrista
demirjianchrista demirjianchrista
  • 24-02-2021
  • Mathematics
contestada

If you deposit $5000 into an account paying 8.25% annual interest compounded
semiannually, how long until there is $9350 in the account?

Respuesta :

nmoore0409
nmoore0409 nmoore0409
  • 24-02-2021

Answer:

2 t

2 t

2 t

2 t

0.0825 9350 5000 1

2

9350 5000(1.04125)

1.87 1.04125

log(1.87) log(1.04125 )

log1.87 (2t)(log1.04125)

log1.87 2t

log1.04125

15.48512579 2t

t 7.7

Step-by-step explanation:

the answer is 7.7

Answer Link

Otras preguntas

Find the slope of the line passing through the points (4, 5) and (4. -6).
How has wonder woman changed or evolved over time?
Can someone help me asap, please? I need to explain what is happening in the picture and include potential energy to kinetic energy in a few sentences. 2 or 3
Where did Spanish settlers migrate from?
Which line from Act II of The Importance of Being Earnest is a paradox? “Child, you know how anxious your guardian is that you should improve yourself in every
Will give Brainiest!! A local boys club sold 156 bags of mulch and made a total of $303. It sold two types of mulch: hardwood for $2.50 a bag and pine bark for
How are checks and balances used to prevent accumulation of power?
If x is a number in the interval [2, 7) state all integers that satisfy the given inequality above.
Which step should a food worker complete to prevent cross-contact? a O a. Scraping food off of plates before washing them O b. Removing pits from fruit as he is
Is 53.7 rational or irrational?