Advanced Engineering Mathematics
10th Edition
ISBN: 9780470458365
Author: Erwin Kreyszig
Publisher: Wiley, John & Sons, Incorporated
expand_more
expand_more
format_list_bulleted
Question
Find the final amount of money in an account if $9,500 is deposited at 6% interest compounded weekly and the money is left for 8 years.
Need only handwritten solution only (not typed one).
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution
Trending nowThis is a popular solution!
Step by stepSolved in 3 steps with 2 images
Knowledge Booster
Similar questions
- Josh has 1200 dollars which he invests at 4% interest compounded daily. Represent how much he has after seven years.arrow_forwardMarcos's savings account has a balance of $ 4,643. After 25 years, how much will your profit be at an interest rate of 6% compounded annually? STEPS PLEASE.arrow_forwardSarah deposited $3000 in an account paying 5.3% per annum compounded semi- annually. How much will she have in her account at the end of 7.5 years? Enter a numeric value only, rounded to 2 decimals places. An answer of $100 should be entered as 100.00.arrow_forward
- Lori deposited $4,500 into a 30-year retirement account that earns 3% annual interest, compounded semiannually. Find the amount of interest the account earns if she makes no other deposits or withdrawals.arrow_forwardJim deposits $2000 in an account with an APR of 2.46% interest compounded daily and wants to know what the balance will be in 20 years. Use Excel to determine how much will Jim have in the account in 20 years? (Use 365 days in 1 year.)arrow_forwardHaley invests $1,500 into an account that earns 4.5% interest compounded quarterly. How much money will her account be worth in 15 years?arrow_forward
- Reymark deposited ₱25,000 to his bank account with an annual interest of 4% that is compounded monthly. How long does he have to wait before he get a ₱45,000 on his account?arrow_forwardHow much money is in an account where $80 was invested at an interest rate of 6% simple interest for 3 years?arrow_forwardFrank invests $ 4500 dollars into an account earning interest compounded quarterly. After 7 years there is $ 6100 in the account. What was the interest rate?arrow_forward
arrow_back_ios
arrow_forward_ios
Recommended textbooks for you
- Advanced Engineering MathematicsAdvanced MathISBN:9780470458365Author:Erwin KreyszigPublisher:Wiley, John & Sons, IncorporatedNumerical Methods for EngineersAdvanced MathISBN:9780073397924Author:Steven C. Chapra Dr., Raymond P. CanalePublisher:McGraw-Hill EducationIntroductory Mathematics for Engineering Applicat...Advanced MathISBN:9781118141809Author:Nathan KlingbeilPublisher:WILEY
- Mathematics For Machine TechnologyAdvanced MathISBN:9781337798310Author:Peterson, John.Publisher:Cengage Learning,
Advanced Engineering Mathematics
Advanced Math
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Wiley, John & Sons, Incorporated
Numerical Methods for Engineers
Advanced Math
ISBN:9780073397924
Author:Steven C. Chapra Dr., Raymond P. Canale
Publisher:McGraw-Hill Education
Introductory Mathematics for Engineering Applicat...
Advanced Math
ISBN:9781118141809
Author:Nathan Klingbeil
Publisher:WILEY
Mathematics For Machine Technology
Advanced Math
ISBN:9781337798310
Author:Peterson, John.
Publisher:Cengage Learning,