Question 1 Indicate the answer choice that best completes the statement or answers the question.
FINANCE Determine the amount of money in a savings account that provides an annual rate of 4% compounded monthly if the initial deposit is
$1000 and the money is left in the account for 5 years.
Oa $221.00
O b. S1221.00
Oc. $1490.00
Od $1000.00

Correct choice: b. $1221.00

Step-by-step explanation:

Compound Interest

It occurs when the interest is reinvested on each compounding period. When it happens interest in the next period is then earned on the principal sum plus previously accumulated interest.

The formula is:

Where:

A=final amount

P=initial principal balance

r=interest rate

n=number of times interest applied per time period

t=number of time periods elapsed

The initial deposit on a savings account is P = $1000. The account provides an annual rate of r = 4% = 0.04 compounded monthly. The value of n is 12 since there are 12 months in a year. The money is left in the account for t=5 years. Substituting the values:

A = $1221

Correct choice: b. $1221.00

step-by-step explanation:

ok one would be money, and the other would be refreshments or something similar. if each bag of popcorn is 5.00 and each drink is half of that that means drinks are 2.50 the proper way to do that would to look and see how much of each you can buy without exceeding a limit of 30.00

median is the value separating the higher half of a data sample, a population or probablity distribution from the lower half.

step-by-step explanation:

say you have 3,8,7,3,1,9,8 order them from lowest to highest

if orderd it would be 1,3,3,7,8,8,9 now you take away from the lowest and the highest until you end up in the middle.

so you would remove the 1 and 9 leaving you with 5 digits remaining

when you've reached the middle that would be your answer so in this case the answer is 7

if there were two numbers left say 7 and 5 you'd and them together so 12 then divide by 2 witch would equal 6 so the answer would be 6

good luck on that project hoped i you at all