When Jason Levy was born, his grandparents deposited $2,000 into a special account for Jason's college education. The account earned 6 1 2% interest compounded daily. (Round your answers to the nearest cent.) (a) How much will be in the account when Jason is 18? $ (b) If, on turning 18, Jason arranges for the monthly interest to be sent to him, how much will he receive each thirty-day month? $ (c) How much would be in the account when Jason turns 18 if his grandparents started Jason's savings account on his tenth birthday? $
Unitary Method
The word “unitary” comes from the word “unit”, which means a single and complete entity. In this method, we find the value of a unit product from the given number of products, and then we solve for the other number of products.
Speed, Time, and Distance
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Profit and Loss
The amount earned or lost on the sale of one or more items is referred to as the profit or loss on that item.
Units and Measurements
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When Jason Levy was born, his grandparents deposited $2,000 into a special account for Jason's college education. The account earned
| 1 |
| 2 |
interest compounded daily. (Round your answers to the nearest cent.)
$
(b) If, on turning 18, Jason arranges for the monthly interest to be sent to him, how much will he receive each thirty-day month?
$
(c) How much would be in the account when Jason turns 18 if his grandparents started Jason's savings account on his tenth birthday?
$
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