Complete the following table that will show how much money you have in an account that you placed $1,000 in after 6 years if you can earn 5% per year on the amount your deposited. 1. Determine 5% of your deposit. (What is 5% of $1,000?) 2. Complete the table: t (time Balance at the end of the year (add the amount deposited and the interest earned in this and previous years.) Amount Annual Interest in years) deposited earned on the initial amount deposited (the amount you found in 1.) Hint: This should be the same every month. 1 $1000 $1000+ 3 6. 2. 4) 7,

Algebra and Trigonometry (6th Edition)
6th Edition
ISBN:9780134463216
Author:Robert F. Blitzer
Publisher:Robert F. Blitzer
ChapterP: Prerequisites: Fundamental Concepts Of Algebra
Section: Chapter Questions
Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...
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Complete the following table that will show how much money you have in an account that you placed
$1,000 in after 6 years if you can earn 5% per year on the amount your deposited.
1. Determine 5% of your deposit. (What is 5% of $1,000?)
2. Complete the table:
t (time
Balance at the end of the year
(add the amount deposited and the
interest earned in this and previous
years.)
Amount
Annual Interest
in years) deposited earned on the initial
amount deposited
(the amount you
found in 1.) Hint:
This should be the
same every month.
1
$1000
$1000+
3
6.
2.
4)
7,
Transcribed Image Text:Complete the following table that will show how much money you have in an account that you placed $1,000 in after 6 years if you can earn 5% per year on the amount your deposited. 1. Determine 5% of your deposit. (What is 5% of $1,000?) 2. Complete the table: t (time Balance at the end of the year (add the amount deposited and the interest earned in this and previous years.) Amount Annual Interest in years) deposited earned on the initial amount deposited (the amount you found in 1.) Hint: This should be the same every month. 1 $1000 $1000+ 3 6. 2. 4) 7,
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