artnerd1207 artnerd1207
  • 03-04-2018
  • Mathematics
contestada

How much must you deposit in an account that pays 8% interest, compounded monthly, to have a balanc of $1000 after 3 years?

Respuesta :

philipscaster83
philipscaster83 philipscaster83
  • 03-04-2018
1,000÷(1+0.08÷12)^(12×3)
=787.25
Answer Link

Otras preguntas

Корень, который всегда ярко выражен в стержневой корневой системе, называется 1) придаточный 2) боковой 2 Корнеплоды моркови 3) главный 4) пазушный
Explain the impact of socioeconomic factors on access to clean water
Write a story that ends with the saying therefore those who want to sit under a tree tomorrow should plant one today
Find the surface area and volume of the following shape.​
The nurse is caring for a client who was admitted to the telemetry unit with a diagnosis of "rule/out acute MI." The client's chest pain began 3 hours earlier.
what is the answer i do not know it
A car travels at 55mph how far will it be in 2 hours
The First American Female Pilot After the final performance of one last practice landing, the French instructor nodded to the young African- American woman at t
FACT SHEET: MARSHALL PLAN A. The Plan aimed to restore the European economies after the destruction of WWII. B. This plan was consistent with the US policy of i
Read the selection below. Keep in mind the context of the period we are studying. ... In the Middle Ages to praise man was to praise God, for man was a creatio