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yejinschoi6362
22.05.2021 •
Mathematics
Zach's parents put $1,500 in her bank account for college tuition. At an interest rate of
8.25% compounded weekly, what will be the balance after 18 years? (Make sure you
answer is in dollars and rounded to 2 decimal places)
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Ответ:
After 18 years, Zach's account balance will be $ 6,614.66.
Step-by-step explanation:
Given that Zach's parents put $ 1,500 in her bank account for college tuition at an interest rate of 8.25% compounded weekly, to determine what will be the balance after 18 years the following calculation must be performed:
1,500 x (1 + 0.0825 / 52) ^ 18x52 = X
1,500 x 1.00158653 ^ 936 = X
6,614.66 = X
Therefore, after 18 years, Zach's account balance will be $ 6,614.66.
Ответ:
2 is true
3 is not true because 12x does not have a y and 24y does not have a x
4 is true
5 is not true because 24y does not have an x in it
6 is true
7 is not true because 24y does not have an x in it
8 is true