mgalmore01091999 mgalmore01091999
  • 03-12-2017
  • Mathematics
contestada

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

Respuesta :

Aliwohaish12
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 (-2^3) ^2/3 and why?
What global issues do geographers study
What is gross profit?
If you multiply me by 7 add 1 and then divide by 4 you get 9 what number am I?
Protect(s) the eardrum from dirt.
fins the quontient 5)47 and it has to have a remander plzzzzzzzz help meeeee!!!!!!;
Why is the statement below considered heteronormative? A teacher: "Do you think that your mom could come in on Friday morning to do arts and crafts with the cl
One of the primary accomplishments of William and Mary of Orange was ___________. a. an end to the 1 Civil War b. the reestablishment of Parliament c. an end to
The diseases ringworm and athlete's foot are caused by a. bacteria. b. parasitic worms. c. fungi. d. viruses.
When a volcano erupts, sulfur oxides are released into the atmosphere. How does this volcanic eruption affect precipitation?