Total accumulation of the amount deposited in saving account, Mathematics

Assignment Help:

A bank pays on its savings an interest rate of 6% per year but compounds interest monthly (i.e., estimates the interest each month and adds it to the balance).  You plan to deposit $100,000 into this saving account today.  Show the amount you will accumulate by the end of the 30th year.

ANSWER:


Related Discussions:- Total accumulation of the amount deposited in saving account

Please solve this question, The number of integral pairs (x,y) satisfying t...

The number of integral pairs (x,y) satisfying the equation x^2=y^2+1294 is a)2 b)3 c)4 d)None of these

The shape of a graph, The Shape of a Graph, Part II : In previous we saw h...

The Shape of a Graph, Part II : In previous we saw how we could use the first derivative of a function to obtain some information regarding the graph of a function.  In this secti

Determine the determinant of matrix, Example Determinant:   Determine ...

Example Determinant:   Determine the determinant of each of the following matrices. Solution : For the 2 x 2 there isn't much to perform other than to plug this in

Inverse sine, Inverse Sine : Let's begin with inverse sine.  Following is ...

Inverse Sine : Let's begin with inverse sine.  Following is the definition of the inverse sine. y = sin -1 x         ⇔     sin y = x                for - ?/2 ≤ y ≤ ?/2 Hen

Combinations, Now we take up combinations and its related concepts. C...

Now we take up combinations and its related concepts. Combinations are defined as each of the groups or selections which can be made by taking some or all of the

Find the frame of a quadratic polynomial , If α, β are the zeros of the pol...

If α, β are the zeros of the polynomial x 2 +8x +6 frame a Quadratic polynomial whose zeros are a)  1/α and  1/β b) 1+ β/α , 1+ α/β. Ans. P(x) = x 2 +8x +6 α + β = -8

A graph with a positive slope, A graph with a positive slope shows that the...

A graph with a positive slope shows that the variables depicted on the axes goes in the similar directions.

Permuation and combination, how many words can be formed from letters of wo...

how many words can be formed from letters of word daughter such that each word contain 2vowles and 3consonant

Math, #question.help.

#question.help.

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd