kayleemae04 kayleemae04
  • 20-04-2020
  • Mathematics
contestada

Find the value if $8900 is invested for 5 years at 3.73% compounded monthly.

Respuesta :

MasterTheNoob
MasterTheNoob MasterTheNoob
  • 20-04-2020

Answer:

$10,721.62 (Not rounded to the correct decimal)

Step-by-step explanation:

A = P(1+r/n)^nt

P = $8,900

r = 3.73% / 100 = 0.0373

n = 12 (monthly)

t = 5 years

A = 8,900(1+0.0373/12)^(12)(5)

A = 10,721.62

Answer Link

Otras preguntas

Select four of the North's battle strategies. Lay siege to the major cities. Sweep the Southern army against the sea by a series of forced marches and quick att
What is 1/5 equal to
....and this is the last question...
what is the indirect object pronoun, adding it to the infinitve, in the place of the parentheses, Andrés no quiere darlo (a ella)​
Which plant structure found in lower plants produces gamestes?
The people heading west called themselves immigrants but we call them
The circumference of a circle is 16 meters what is it’s radius
which is a way that farmers prevent wind erosion to their fields?A. they plow their fields every day.B. they allow the fields to dry out each season.C. they har
Parallel lines m and n are cut by transversal t. Which statements are true?
If b=5 and c=3 what is the perimeter of the quadrilateral? Please help