mgalmore01091999 mgalmore01091999
  • 03-12-2017
  • Mathematics
contestada

$11,000, invested for 4 years at 3% compound monthly

Respuesta :

Aliwohaish12
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

which of the following steps could be used as a short cut method to multiply 12 by 50
An archipelago is a large group of islands. True or false?
Which of the following accurately describes the relationship between cellular respiration and photosynthesis?
What was one of the main messages of the Second Great Awakening?
1.In the metric system, the base unit for mass is the gram liter kilogram kiloliter 2.Which of the following is the largest distance? Centimeter Millimete
What is the answer ?????
MATH HELP URGENTTTT!!!!!!!!!
Poll taxes and literacy taxes were used in the United States until they became illegal in the __________.
Abby practiced for 11/12 of an hour and Lauren practiced for 2/3 of an hour. How long did they practice on Wednesday
blank du etwas zeit fur mich 30 points