Register

PLEASE HELP Complete the table by computing the amount in the account at the end of each period.

PLEASE HELP Complete the table by computing the amount in the account at the end of each period.
asked 62.7k views
4 votes
PLEASE HELP

Complete the table by computing the amount in the account at the end of each period.

PLEASE HELP Complete the table by computing the amount in the account at the end of-example-1
asked
User JonH
by
8.1k points

1 Answer

5 votes

Answer:

See below

Explanation:

  • Initial Principal P₀ = 1000
  • End of first period = 1000 + 1000*0.02/4 = 1005
  • End of second period = 1005 + 1000*0.02/4 = 1010
  • End of third period = 1010 + 1000*0.02/4 = 1015
  • End of fourth period = 1015 + 1000*0.02/4 = 1020
answered
User Spacebiker
by
8.4k points
← Prev Question Next Question →

No related questions found

Ask a Question
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.

Categories

Other Questions

What is .725 as a fraction
How do you estimate of 4 5/8 X 1/3
i have a field 60m long and 110 wide going to be paved i ordered 660000000cm cubed of cement  how thick must the cement be to cover field
Link Copied!