7) You deposit $2500 in an account that pays 6% nominal interest compounded monthly. How much will you have in the account after 7.25 years? a. $3814.24 b. $3832.80 C. $3858.22 d. $3862.74 е. $3587.50

Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter3: Functions And Graphs
Section3.6: Quadratic Functions
Problem 38E
icon
Related questions
Question
100%
ney ( X
O Precalci x
O Money (X
W Nervous X
O Adrenol x
LA Mee O x
G The elev X
ddod5c209e0bb032d6a969a0b7d9bdc7/MyFiles/Downloads/Unit%202%20Exam%20Gross%202021.pdf
4 / 6
100%
+
7) You deposit $2500 in an account that pays 6% nominal interest compounded monthly. How much
will you have in the account after 7.25 years?
a.
$3814.24
b.
$3832.80
с.
$3858.22
d.
$3862.74
е.
$3587.50
8) A typist times himself on October 1" and determines that he can type 65 words per minute. Each day
after that, he increases his typing by a constant rate of 1.5 words per minute. How many words per
minute will he be typing on October 31"?
150 words per minute
111.5 words per minute
110 words per minute
108.5 words per minute
179 words per minute
a.
b.
С.
d.
.e.
bp
Transcribed Image Text:ney ( X O Precalci x O Money (X W Nervous X O Adrenol x LA Mee O x G The elev X ddod5c209e0bb032d6a969a0b7d9bdc7/MyFiles/Downloads/Unit%202%20Exam%20Gross%202021.pdf 4 / 6 100% + 7) You deposit $2500 in an account that pays 6% nominal interest compounded monthly. How much will you have in the account after 7.25 years? a. $3814.24 b. $3832.80 с. $3858.22 d. $3862.74 е. $3587.50 8) A typist times himself on October 1" and determines that he can type 65 words per minute. Each day after that, he increases his typing by a constant rate of 1.5 words per minute. How many words per minute will he be typing on October 31"? 150 words per minute 111.5 words per minute 110 words per minute 108.5 words per minute 179 words per minute a. b. С. d. .e. bp
Precalci X
Moncy ( X
W Nervous X
O Adrenol X Mee X
G The clev X
c209e0bb032d6a969a0b7d9bdc7/MyFiles/Downloads/Unit%202%20Exam%20Gross%202021.pdf
4 / 6
100%
4 =17000
1996
26,100
30,000
d.
1997
u, =1.15u
e.
both b and d
5) Approximately how long would it take to double an investment earning 4.95% nominal interest
compounded annually?
15.9 years
15 years
14.8 years
14.3 years
14 years
a.
b.
C.
d.
е.
Ź24( 0.6 )**
6) Find the sum:
n=1
a.
14.4
b.
24
C.
40
Transcribed Image Text:Precalci X Moncy ( X W Nervous X O Adrenol X Mee X G The clev X c209e0bb032d6a969a0b7d9bdc7/MyFiles/Downloads/Unit%202%20Exam%20Gross%202021.pdf 4 / 6 100% 4 =17000 1996 26,100 30,000 d. 1997 u, =1.15u e. both b and d 5) Approximately how long would it take to double an investment earning 4.95% nominal interest compounded annually? 15.9 years 15 years 14.8 years 14.3 years 14 years a. b. C. d. е. Ź24( 0.6 )** 6) Find the sum: n=1 a. 14.4 b. 24 C. 40
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps with 2 images

Blurred answer
Knowledge Booster
Differential Equation
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, algebra and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Algebra & Trigonometry with Analytic Geometry
Algebra & Trigonometry with Analytic Geometry
Algebra
ISBN:
9781133382119
Author:
Swokowski
Publisher:
Cengage
Functions and Change: A Modeling Approach to Coll…
Functions and Change: A Modeling Approach to Coll…
Algebra
ISBN:
9781337111348
Author:
Bruce Crauder, Benny Evans, Alan Noell
Publisher:
Cengage Learning