Susan opened a college savings account 4 years ago. She opened the account with an initial deposit of $3,000. Starting the next year, she deposited $1,000 on the same day each year. The account earns interest at an annual rate of 4.15% and is compounded annually. Susan hopes to have earned enough interest to pay for her first year of college tuition, which costs $7,100. What is the difference between her ending balance after 4 years and the cost of her tuition?

Question

01-12-2021
Mathematics

Answered

At Westonci.ca, we connect you with the answers you need, thanks to our active and informed community. Discover comprehensive solutions to your questions from a wide network of experts on our user-friendly platform. Explore comprehensive solutions to your questions from a wide range of professionals on our user-friendly platform.

Susan opened a college savings account 4 years ago. She opened the account with an initial deposit of $3,000. Starting the next year, she deposited $1,000 on the same day each year. The account earns interest at an annual rate of 4.15% and is compounded annually. Susan hopes to have earned enough interest to pay for her first year of college tuition, which costs $7,100. What is the difference between her ending balance after 4 years and the cost of her tuition?

Sagot :

Thank you for your visit. We're dedicated to helping you find the information you need, whenever you need it. We hope you found this helpful. Feel free to come back anytime for more accurate answers and updated information. Get the answers you need at Westonci.ca. Stay informed by returning for our latest expert advice.

anne is trying to model the following sequence (4,-52,676,-8788,114244) which of the formulas accurately describe her answer if a1=4? *answer choices in screens

Turgor pressure can help plants move. Internal water pressure can cause -

The coordinates of the vertices of triangle ABC are A(9.-10), B(-15, 0), and C(15, 10). A dilation centered at (0, 0) is perfomed on triangle ABC to produce tri

If you had the power to erase the memories of all the times you have experienced pain (sadness, unhappiness, fear, grief, loneliness) would you want to do it? H

What is the output of print str if str = 'Hello World!'? A - Hello World! ... Q 18 - What is the output of print list[1:3] if list = [ 'abcd', 786 , 2.23, 'john

4 Which equation will solve the following word problem? Sue's class has 50 students. 20% of the students are in art class. How many students are NOT in art clas

what is the ratio of chickens to cows 12:18

How would life on earth change if there was no water on the planet

Which of the following are accurate factors of 4x2 + 5.0 – 21 when multiplied together? Select the two correct answers. (2 points) (40 - 7) 0 (x + 2) (52 -3) 0

Extend the pattern below by four terms write an observation about the pattern pattern 76, 70, 64,58,52