malikmar24nightwolf malikmar24nightwolf
  • 04-05-2017
  • Mathematics
contestada

You deposit $10 per month in a bank that offers an annual interest rate of 6%. At the end of three years, your balance is404.95 $517.21 $676.45 $393.94

Respuesta :

BlueSky06
BlueSky06 BlueSky06
  • 16-05-2017
We can compute for the total savings after three years and the solution is shown below:
i = 6%/12 months = 0.5 %
n = 3 years * 12 months = 36
F = P (1+i)^n
F = $10*36 (1+0.005)^36
F = $431

The answer is the letter "A" which is approximately equivalent to $404.95. 
Answer Link

Otras preguntas

The author describes Okonkwo as ruling his household with a “heavy hand,” which indicates that he is _____. aggressive strict lazy permissive
Select answer about motion and newtons law and explain why it's correct 23POINTS NEED ASAP
Describe one method you can use to write a fraction as a decimal.
Piaget believe that the ___ fit entirely in a single stage of cognitive development called the ____ stage
your license can be suspended for ___ if you accumulate 24 points within a 36 month period
One theme from "The Yellow Wallpaper" is that women played a lesser role in marriage during the 19th century. Which line from the passage best supports this the
Which processes represent one chemical change in one physical change
Oxygen has an atomic number of 8 and most commonly, a mass number of 16. thus, what is the atomic mass of an oxygen atom?
Someone please help me with this question
What is France landmark about