Mark Welsch deposits $8,000 in an account that earns interest at an annual rate of 8%, compounded quarterly. The $8,000 plus earned interest must remain in the account 4 years before it can be withdrawn. How much money will be in the account at the end of 4 years?
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Mark Welsch deposits $8,000 in an account that earns interest at an annual rate of 8%, compounded quarterly. The $8,000 plus earned ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Many major designers are using metallic studs and spikes in their latest collections. What does this signify to a fashion forecaster? A. a growth in demand for metals B. increased production of studs and spikes around the world C.
Answers (2)
A-1 Machining makes custom parts. It sells them to companies that want to use the parts in their own products or machinery. Which type of business buyer is A-1 Machining? A. A wholesaler B. A manufacturer C. A service business D.
Answers (1)
How are goods allocated in market economy?
Answers (1)
The policing strategy that utilizes data analysis to drive decision-making in order to prevent crime is known as:
Answers (1)
Jenna is the beneficiary of a fund of 20,000 that pays her 1,000 at the end of each month. The fund earns 6% compounded monthly. The final payment to exhaust the fund will be a balloon payment. Calculate the amount of the balloon payment.
Answers (1)
New Questions in Business
Which statement concerning cash is true? a. Cash is increased by debiting. b. Cash will always have more debits than credits. c. Cash will never have a credit balance. d. All of these choices are correct.
Answers (1)
If total spending rises from one year to the next, then Select one: a. either the economy must be producing a larger output of goods and services, or goods and services must be selling at higher prices, or both. b.
Answers (1)
Which music style is least likely to be embellished by the performer? A. Fugue B. Aria C. Solo Sonata D. Prelude
Answers (1)
When the central bank decides to increase the discount rate, the:?
Answers (1)
It is unwise to take a questionnaire designed for online administration and simply let the questionnaire design system present it in mobile device formaA. TrueB. False
Answers (1)