Find the total value of the savings account after the time given. 1) $1,000 at 6% compounded monthly for 4 years $1,000 2) $19,800 at 4% compounded semiannually for 10 years $19.80 1129.6 3) $52,900 at 15% compounded monthly for 4 years 100 F 5) $12,800 at 9% compounded quarterly for 5 years 50,497.86 4) $24,000 at 13% compounded quarterly for 2 years 1161 4- U 1008 6) $1,740 at 9% compounded semiannually for 7 years 7) $10,000 at 3% compounded monthly for 4 years 8) $350 at 11% compounded semiannually for 6 years 9) $29,000 at 10% compounded quarterly for 2 years 10) $24,300 at 11% compounded quarterly for 2 years

Intermediate Algebra
19th Edition
ISBN:9780998625720
Author:Lynn Marecek
Publisher:Lynn Marecek
Chapter12: Sequences, Series And Binomial Theorem
Section12.3: Geometric Sequences And Series
Problem 12.59TI: New grandparents decide to invest 3200 per month in an annuity for their grandson, The account will...
icon
Related questions
Question
Find the total value of the savings account after the time given.
1) $1,000 at 6% compounded
monthly for 4 years
11,000
2) $19,800 at 4% compounded
semiannually for 10 years
$19.800
1129.6
3) $52,900 at 15% compounded
monthly for 4 years
100 F
5) $12,800 at 9% compounded
quarterly for 5 years
2=2
50,497.86
4) $24,000 at 13% compounded 143
quarterly for 2 years
U
100+
6) $1,740 at 9% compounded
semiannually for 7 years
7) $10,000 at 3% compounded
monthly for 4 years
8) $350 at 11% compounded
semiannually for 6 years
9) $29,000 at 10% compounded
quarterly for 2 years
10) $24,300 at 11% compounded
quarterly for 2 years
Transcribed Image Text:Find the total value of the savings account after the time given. 1) $1,000 at 6% compounded monthly for 4 years 11,000 2) $19,800 at 4% compounded semiannually for 10 years $19.800 1129.6 3) $52,900 at 15% compounded monthly for 4 years 100 F 5) $12,800 at 9% compounded quarterly for 5 years 2=2 50,497.86 4) $24,000 at 13% compounded 143 quarterly for 2 years U 100+ 6) $1,740 at 9% compounded semiannually for 7 years 7) $10,000 at 3% compounded monthly for 4 years 8) $350 at 11% compounded semiannually for 6 years 9) $29,000 at 10% compounded quarterly for 2 years 10) $24,300 at 11% compounded quarterly for 2 years
Expert Solution
steps

Step by step

Solved in 3 steps with 3 images

Blurred answer
Recommended textbooks for you
Intermediate Algebra
Intermediate Algebra
Algebra
ISBN:
9780998625720
Author:
Lynn Marecek
Publisher:
OpenStax College