malikmar24nightwolf malikmar24nightwolf
  • 04-05-2017
  • Mathematics
contestada

You deposit $10 per month in a bank that offers an annual interest rate of 6%. At the end of three years, your balance is404.95 $517.21 $676.45 $393.94

Respuesta :

BlueSky06
BlueSky06 BlueSky06
  • 16-05-2017
We can compute for the total savings after three years and the solution is shown below:
i = 6%/12 months = 0.5 %
n = 3 years * 12 months = 36
F = P (1+i)^n
F = $10*36 (1+0.005)^36
F = $431

The answer is the letter "A" which is approximately equivalent to $404.95. 
Answer Link

Otras preguntas

PLEASE HURRYImage 01 A) Son las siete y treinta y cinco.Image 02 B) Son las cuatro y cuarto.Image 03 C) Son las doce menos veinticinco.Image 04 D) Son las nueve
high tariffs led to what.....History​
SIXER Dyyddyhddyddyydry
Find the quotient of: 3 1/3 ÷ 2 3/5 (Simplify if necessary)
Which shows the correct sequence for amending the U.S. Constitution? A.IV B.II C.III D.I
In what did the accidental meetings between those of the capulets and the Montagues result?​
the ceilings in rivercoast house are 14 feet high how many meters high are the ceiling​
help I'm not tryna get a bad grade
plz help look the photo
7/3 X - 2 = -16 What does x equal