Find how much money needs to be deposited now into an accoun…
Find how much money needs to be deposited now into an account to obtain $6,900 (Future Value) in 13 years if the interest rate is 6.5% per year compounded quarterly (4 times per year). The final amount is $______________. Round answer to 2 decimal places.
Read DetailsFind the final amount of money in an account if $7,600 is de…
Find the final amount of money in an account if $7,600 is deposited at 2.5% interest compounded quarterly (every 3 months) and the money is left for 8 years. The final amount is $____________________. Round answer to 2 decimal places.
Read DetailsA computer user has downloaded 21 songs using an online file…
A computer user has downloaded 21 songs using an online file-sharing program and wants to create a CD-R with 8 songs to use in his portable CD player. If the order that the songs are placed on the CD-R is not important to him, how many different CD-Rs could he make from the 21 songs available to him? There are ___________________ possible CD-Rs.
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