brady83 brady83

03-06-2020
Mathematics

contestada

You deposit $1500 in a bank account that pays 4% annual interest. Find the balance
after 6 years if the interest is compounded monthly. Round to the nearest cent.
Growth

Respuesta :

nanaekuaankoma nanaekuaankoma

03-06-2020

Answer:

$1,901.56

Step-by-step explanation:

[tex]A = 1,500 (1 + \frac{0.04}{12}) ^{12 x 6} \\\\ = 1,500 (1.0033)^{72}\\ \\ = 1,500 (1.2677)\\\\ = $1,901.56[/tex]

Answer Link

Otras preguntas

Which contains a sentence error? Mike enjoyed learning Spanish, so he signed up to help teach the language to police officers. Mike enjoyed learning Spanish; he

Where are all of these robots/spam questions coming from?

What was the event that marked the end of fighting in revolutionary war?

In "The Man to Send Rainclouds," Leon believes Teofilo died when he __________.

Which sentence uses an infinitive as an adjective? A) To become an engineer has always been a dream of mine. B) Sally tried to play the guitar, but she became

How would you write 0.3y + 1.2 = –0.4x in standard form?

how did church doctrine help to unify early christians

Because of his role in leading independence movements, Simon Bolivar is called the __________________.

use a number line to find the product of 4×30

Who was the first president