Suppose that 15 years ago, a benefactor set up an account for your education. This benefactor made a single deposit of $20,000 that has been earning 6% interest compounded monthly. Since the deposit 15 years ago, no money has been added to or taken from the account. Will this account be sufficient to cover tuition for all four years that you will be in school? (Answer this question using the school that you chose for parts C and D and the formula given below.) Make sure that the "time in years" that you use is 15 years + the number of years you will be at school.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Suppose that 15 years ago, a benefactor set up an account for your education. This benefactor made a single deposit of $20,000 that has ...” in 📗 Mathematics 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
What is 11 divided by 3
Answers (2)
Joey chestnut is trying to break his own world record for eating the most hot dogs and buns in 10 minutes. He needs to eat more than 72 hot dogs to break his record. After 1 minutes of competition, Joey has eaten 10 hot dogs.
Answers (1)
The length of the the popcorn machine is 3/4 of its height what is the length of the popcorn machin
Answers (1)
Solve for x. x/5 + 1 = 7
Answers (1)
Rashid can paint 2 square feet in 10 minutes. Fill in the missing parts to tell how long it will take h to paint a fence that is 6 feet high by 25 feet long. Rashid will be able to paint blank of fence in blank
Answers (1)
New Questions in Mathematics
A mountain climber ascended 3 4 of a kilometer in 1 12 of an hour. What was the mountain climber's ascent rate in kilometers per hour?
Answers (1)
Niki uses 15 litres of water every minute when she has a shower. She uses 100 litres of water when she has a bath. How many litres of water does she save by having a 3 1/2 minute shower instead of a bath?
Answers (1)
How long does it takes the earth to complete one full revolution? A. 90 B. 180 C. 365
Answers (1)
What are two factors of 36 that add up to 15
Answers (2)
Write the ratio as a fraction in lowest terms 17 minutes to 2 hours
Answers (2)