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

What is the answer to the equation 10+4x=5(x-6)+33

What can explain why the numbers in the table are different in Elizabeth Loftus experiment

What is the optimum pH of most enzymes?

Cells are like fine tuned machines. They work to maintain a balance by removing what is not needed and obtaining what is. For example, if a particular enzyme su

Jalapeno Plan: $3 admission plus $0.95 per bowl. Habanero Plan: $5 admission plus $0.55 per bowl. a) For each of the plans, the cost can be described by an eq

please help me find the solution!!!!

Simplify the radical expression 20 + √ 288 − 8

What was the basis of the earliest explanations for the cause of abnormal behavior?

This sculpture was removed from its original context, a great stone block of 140 cubic feet, to be placed in a museum

about myself in French