![aris35](/avatars/26665.jpg)
aris35
14.07.2019 •
Mathematics
$1334 is deposited into a savings account at 8% interest, compounded quarterly. to the nearest year, how long will it take for the account balance to reach $1,000,000?
Solved
Show answers
More tips
- H Health and Medicine 10 Ways to Cleanse Your Colon and Improve Your Health...
- D Dating, Love, Relationships How to Overcome Jealousy: Tips and Tricks...
- H Health and Medicine Angina: Causes, Symptoms, and Treatment...
- C Computers and Internet How to Learn to Type Fast?...
- F Food and Cooking Delight for Gourmets: How to Prepare Liver Pate...
- S Style and Beauty How to braid friendship bracelets?...
- H Health and Medicine Mercury Thermometer Danger: What to do when a thermometer breaks?...
- F Food and Cooking Which Calamari Salad is the Most Delicious?...
- S Society and Politics 10 Tips for Boosting Your Self-Esteem...
- F Food and Cooking The Most Delicious and Simple Fish in Batter Recipe...
Answers on questions: Mathematics
- M Mathematics The produce department of a grocery store sold 288 pounds of tomatoes. the weight represented 72% of the shipment the store received. the rest spoiled and had to be discarded....
- M Mathematics 1. last week, kari ran 3.4 miles on monday, 3.9 miles on thursday, and 6.8 miles on saturday. did kari run more than 15 miles last week?...
- M Mathematics Acylindrical can holds 500 ml and has a radius of 4 cm. calculate the height of the can, to the nearest tenth of a centimetre....
- M Mathematics Someone me find the solution to getting 1/3 two different ways. you : )...
- M Mathematics The ming family has a backyard kiddie pool with the dimensions shown. after a lot of splashing one afternoon, the pool is only half full....
- M Mathematics If someone drove 15 miles and is only three fifths of their way home what is the total length of her drive...
- M Mathematics How do i write 1.5 as a mixed number and as an improper fractionand also write your answers in simplest form.?...
- M Mathematics what is the result of multiplying -5 by itself n times? a. -5. whether n is even or odd b. 5 if n is even, and -5 f n is odd c. -5 if n is even, and 5 f n is odd d. 5 whether...
- M Mathematics An airline charges the following baggage fees: $20 for the first bag and $35 for the second. suppose 49% of passengers have no checked luggage, 27% have only one piece of...
- M Mathematics 27. a tank holds 240litres of water. how much water is in the tank when it is full? (a) 240 litres(b) 192 litres(c) 132 litres...
Ответ:
84 years
Step-by-step explanation:
The future value of an investment is given by ...
FV = P(1 +r/n)^(nt)
where P is the principal amount, r is the annual rate, and n is the number of times per year interest is compounded. Filling in the given values and solving for t, we get ...
1000000 = 1334(1 +.08/4)^(4t)
749.6252 ≈ 1.02^(4t) . . . . divide by 1334 and simplify
log(749.6252) ≈ 4t·log(1.02) . . . . take logarithms
t ≈ log(749.6252)/(4·log(1.02)) ≈ 83.57
It will take about 84 years for the account balance to reach $1,000,000.
Ответ:
13.6
Step-by-step explanation:
Add all of the ages up:
14 + 14 + 13 + 13 + 13 + 15 + 14 + 14 + 13 + 13 = 136
Then divide that by 10:
136/10 = 13.6