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 are three reasons why Hamlet's mother is so fearful of him during this scene? (Act III Scene IV)-She fears he will tell the king if she reveals anything.-S

A quilter wants to make the design shown at left using the Golden Ratio. Specifically, he wants the ratio of the triangle heights A : B and B: C to each equal 1

What reason does Wollstonecraft offer to refute the following opposing views in her counter argument ? -The concern that improved education will make women too

what made the island of cuba so important to the unites states

What is another name for a group of elements with similar properties on the periodic table of elements?

please help! worth 20 points!

What is the slope of the line that passes through the points -2,5 and 1,4 A. -3 B. -2 C. -1/3 D. 1/3

What term is used to describe your wrist movement when you reach out your hand to get some money from your parent?

How does changing the direction of moving wire in a magnetic field affect the current

Describe the kind of art produced by Native Americans of the great plains and explain why this Culture produced this type of art