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

Wind chill is the temperature that the air feels like with the effect of the wind. The graph below shows the wind chill equation for a wind speed of 25 mph. For

An example of a cost is _____. profits revenues tornadoes principal and interest on loan

Three good reasons for studying history are

What's the answer and how do you solve it

Need answer's ASAP 1977: Removed U.S. nuclear weapons from South Korea1978: Oversaw the "Camp David Accords" between Israel and Egypt1979: Signed "SALT II" with

Why does a diamond change directly from a solid state to a gaseous state?

Which of the following caused the Russian-Japanese War? A) In order to keep up with other imperialist countries, Russia invaded Japan to colonize. B) Japan inva

$12,000 is invested for 4 years at a simple interest rate of 1.5%. How much does the investment earn?

Simplify. −4x2−5(x+3)+x2 A. −9x2−15 B. −3x2−5x−15 C. −23x D. −4x2−5x−15

The main means of subsistence for the Native Americans that lived on the Great Plains was hunting antelope and A. horse. B. cow. C. buffalo. D. deer.