Shawnee is putting $3,500 into an account earning 4.85% interest compounded quarterly. She estimates that it will take just over 11 years for this investment to grow to $6,000. Which of the following is a true statement?
a.
Shawnee's estimate of the time is too low.
b.
Shawnee's estimate of the time is correct.
c.
Shawnee's estimate of the time is too high.
d.
Shawnee does not have enough information to estimate the time.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Shawnee is putting $3,500 into an account earning 4.85% interest compounded quarterly. She estimates that it will take just over 11 years ...” 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 are perfect trios as a whole number?
Answers (1)
Can 7/12 be simplified
Answers (1)
Write down a set of 5 numbers, such that the mean=median=mode=8
Answers (1)
The equation y = 35.25x + 40 gives the labor cost y of repairing a car if it takes x hours to repair the car. Which statement is true? For every hour of labor, the cost decreases by $40. For every hour of labor, the cost decreases by $35.25.
Answers (1)
What property is illustrated in the question 9 + 13=13+9
Answers (1)
New Questions in Mathematics
In two years the value of a car chnaged from 14,000 to 11,200 what is the percent of change
Answers (1)
What is the difference 4 1/3 - (-2/3)
Answers (1)
Elaine is painting a fence. she knows that she needs 1 gallon of paint for each 10 feet of fencing. The fencing will enclose a rectangular yard that is 3 yards long and 2 yards wide. how much paint does Elaine need?
Answers (1)
What is the square root of 2/9?
Answers (1)
What is 75% of 200?
Answers (1)