Jack and Rebecca Pearson just had triplets. They want to have enough money for their
children's college fund. So they decide to deposit $100 at the end of each quarter for 20
years into an account paying 4.2% annual interest compounded quarterly.
a) How much is in the account at the end of 20 years?
b) How much did the Pearsons actually contribute to the college fund account?
c) How much interest did the account earn in those 20 years?
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Jack and Rebecca Pearson just had triplets. They want to have enough money for their children's college fund. So they decide to deposit ...” 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
Freddie has decided to join a fitness club! Fitness plan 1: Members pay $4 for every visit and no membership fee. Fitness plan #2: Members pay $2 for every visit and a monthly membership fee of $24.
Answers (1)
Well he buys two books at a bookstore. He spent $44.52 after 6% sales tax is applied, but the clerk does not provide him with the receipt. He knows that book A cost $17.50 before sales tax, But he is not sure how much book B costs. A.
Answers (1)
Are 6 and - 4 like terms?
Answers (2)
The volume of a cylinder is given by the formula v=3.14r^2h, where r is the radius of the cylinder and h is the height. suppose a cylindrical can has radius (x 8) and height (2x 3). which expression represents the volume of the can?
Answers (2)
Action and reaction forces always act on the same object. TRUE FALSE
Answers (1)
New Questions in Mathematics
A farmer plans to use 180 feet of fencing to enclose a rectangular region, using part of a straight river bank instead of fencing as one side of the rectangle, as shown in the figure.
Answers (1)
Brunette College offers 4 44 math classes, 2 22 science classes, 3 33 language classes, and 5 55 art classes. Sylvia needs to sign up for exactly one class in each subject. How many different combinations of classes does Sylvia have to choose from?
Answers (1)
Rewrite 0.011 as a fraction in lowest terms. 11/1000 11/100 11/10 11/1
Answers (1)
Math To Do, i-Pizzdy → C logins-readycom/student/dashboard/home ctions as Division - Quiz-Level E Question 5 A relay team of 4 people runs 3 miles. If each person runs the same distance, how many miles does each person run?
Answers (1)
In a square, one pair of opposite sides was made 50% longer and the other pair of opposite sides was made 50% shorter What percent of the square's area is the area of the new rectangle?
Answers (1)