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

You are standing 1 meter from a squawking parrot. If you move to a distance three meters away, the sound intensity will be what fraction of its original value?

Randal answers 96 out of 120 questions correctly on a science exam. What percent of the questions did Randal answer correctly

Which fossil occurs on the most landmasses? & What does this suggest about when these particular continents broke up?

Henry can ride his bike 23 miles in 2 hours. The store is six miles away. About hoe long should it take Henry to ride his bike to the store?

What military strategy defeated cornwallis at yorktown?

what is 1/9 of 60 equal

Mario drew a model to represent one third of the space in his bookcase. how could mario draw a model to represent all the space in his bookcase.

which is longer 635 millimeters or 535 centimeters ?

what derived unit is usually used to express the density of liquids?

how do you model the square root of 16