saquarahwp8vzrk saquarahwp8vzrk
  • 06-06-2018
  • Mathematics
contestada

How much 2ould $500 invested at 6% interest compounded monthly be worth after 5years ? Round your answer to the nearest cent.

Respuesta :

altavistard
altavistard altavistard
  • 13-06-2018
Apply the compound amount formula:

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

Here,

A = $500*(1+0.06/12)^(12*5) = $674.43  (answer)
Answer Link

Otras preguntas

How to find the y-intercept
How can you tell if a substance is a sugar or an enzyme?
Who is a whirlpool? Scylla Sisyphus Charybdis Tityus
Ichthyology is an area of study that examines the physical and behavioral characteristics of fish by using experimentation. How would Ichthyology best be charac
3.2n = -0.8 i need this!!!
What physics is involved for a passenger feeling pushed backward into the seat of an airplane when it accelerates along the runway during takeoff?
ce efect are formula=A5,din celula A1? Cand se modifica valoarea din A1?
Which is a controllable health risk factor? diabetes mellitus gender heredity race
WILL MARK BRAINLIEST: In which parts of the graph is the function increasing, decreasing, and constant?
true or false Mercury has no orbiting satellites, while Jupiter has many satellites circling it.