mgalmore01091999 mgalmore01091999

03-12-2017
Mathematics

contestada

$11,000, invested for 4 years at 3% compound monthly

Respuesta :

Aliwohaish12 Aliwohaish12

03-12-2017

The formula is
A=p (1+r/k)^kt
A future value?
P present value 11000
R interest rate 0.03
K compounded monthly 12
T time 4years
A=11,000×(1+0.03÷12)^(12×4)
A=12,400.61

Hope it helps!

Answer Link

Otras preguntas

solve for n: 6n+12=12

It rained 0.45 inch on Friday, 2.2 inches on Saturday, and 1.02 inches on Sunday. How much more did it rain on Saturday than on Friday and Sunday combined?

Which european nation held the most african colonies within east and southern africa?

During a sale at the bookstore, books sold for $3 and magazines sold for $2.50. Jan spent $16 and bought a total of 6 books and magazines. How many of each did

Hirva ate 5-.8 of a medium pizza.elizabeth ate 1-.4.how much pizza did they eat together

what is 238 rounded to the nesrest ten

Doubling the sum of Steve's and Sophie's ages gives 38. If Sophie is 10 years old, how old is Steve? a. 4 b. 28 c. 14 d. 9

Which equations are equivalent to the given equation? 0.4y = 10 Choose all answers that are correct. A. 0.4y = 10/0.4 B. 0.4y / 0.4 = 10 / 0.4 C. 0.4y * 2.5 = 1

How did president Johnson respond to the expanded power of the radical Republicans after the election of 1866

what makes up the soil of the Palouse hills region and how was it deposited?