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

Evaluate the expression when a = 3 and y=-3. -a +6y

What caused the Mexican Revolution?educationgeographyinjusticepoverty

What statement can be made at the end of World War II, in regards to the United States? A Europe would no longer need the United States for support The Great De

Please help! Thank you!

What is the volume of an aquarium if 50cm long 10 cm broad 15 cm high

p is inversely proportional to m.p = 36 when m = 8Calculate the value of p when m = 16

Find the value of that makes DEF~XYZ

what is 8/10 simplified by

Identify the forces acting on you when you are standing still. Explain why the forces do not cause you to move.

Find the volume of the prism. 5 ft 3 ft 5 ft 4 ft