MariahC07 MariahC07

02-12-2017
Mathematics

contestada

Find the amount in an account if $3,500 is invested at 6.12% compounded monthly, for 4 1/2 years.

Respuesta :

jorel1380 jorel1380

03-12-2017

6.12% compounded monthly equals 0.0612/12, or 0.0051 added monthly. So, $3500 invested for 4-1/2 years is:
3500 x (1.0051)^(48+6)=1.3161x3500=$4606.48
☺☺☺☺

Answer Link

Otras preguntas

Prove <5 is supplementary to <6 using theorems.

A 2 kg object has a specific heat capacity of 1,700 J/(kg \cdot⋅oC) To raise this object's temperature from 15 Celsius to 25 Celsius, the object must absorb __

which singer did the most to develop the funk style?

This term is made up of two complete words. The second word comes from the Latin planus meaning "flat"

Identical twins are ideal participants in epigenetic research because the twins are _________. a. genetically identical and may develop similar epigenetic patte

what native american tribe participated in the first thanksgiving?

Joe often lets his friend Bob borrow his car, and Joe usually collects Bob's mail when Joe is out of town. What friendship function does their relationship fulf

On the way to her babysitting job, Mary rode her bike for the first mile. She stopped at a traffic light and waited a few minutes for the traffic light to turn

The board of directors at Blaine Glassworks want their company's products to be of higher quality than the products of other companies in the market, and think

According to page 8-9, what are some situations in which people in this society are "released"?