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

1. The graph F(x)= 3^x, left 2 units, and down 3. 2. The graph f(x)= 1^x/2 translated down 2 units. 3. the graph of f(x)=4^x, stretched horizontally by a factor

what did the articles of confederation prevent the us government from doing?

A small theater sold 72 tickets for a play. The ratio of adult tickets to child tickets was 4:1. The ratio of adult tickets to senior tickets was 4:3. How many

A traditional buyer-seller relationship is defined as "a long-term relationship between an owner and a contractor in which the contractor acts as a part of the

18y^8x^4w^6 and 30y^7w^3

A sequence is generated in which each term isequal to the product of the 2 preceding terms. Ifthe first 2 terms are 1 and 3, what is the fifthterm?

Water is boiled at 1 atm pressure in a coffeemaker equipped with an immersion-type eletric heating element. The coffeemaker initially contains 1 kg of water. On

Match Microscope Components to the Scientists listed below. Microscope Components: a. Condenser b. Side Pillar or Arm c. Stage Adjustment Knobs Scientists: 1

I just need the answer for b

NEED MATH HELP NOW!!! PLEASE HELP!!!