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

Find y’ for y=7sec^3x

Which of these can be determined based on the knowledge about climate? A.Plan a barbeque party or not B.Plan an outdoor activity or not C.Choice of foods

Given that LM is a midsegment of IJK, find JK. A. 7 B. 8 C. 14 D. 16

The secret to effective sales is to have a? unique selling proposition. good personality. memorized pitch. fantastic product.

Plz Help/SHow UR Work PLz Brainliest will be Awarded

Point (5,-3) is rotated about 90 degrees counterclockwise what are the coordinates of point A

to study how violent conflicts between groups could be averted one would most likely consult a

Using the table provided, determine which of the following pairs of organelles or structures can be found in both plant and animal cells. A. cell wall and ch

how did the great compromise resolve representation issues in the legislature?Answer - The number of legislators was based, in part, on population and, in part,

Answer please. I need help.