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 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

Name three nutrients that females are encouraged to increase when they are pregnant
HELPP ASAP PLZZ U WULL GIVE BRAINLEST
What is the slope of the trend line drawn into the scatter plot?
A cylindrical jelly jar is 5 inches across the top and 12 inches high. how much jelly can it hold?
Find the value of X. (Triangle Angle Theorems)
Can you help me with this question’?please
The Virginian who introduced in the solution calling for freedom and independence from Great Britain was
The diagonal of a square photograph measures 10 inches. Find the length of one of its sides. Give the exact answer and then an approximation to two decimal plac
Identify and describe layer B in the figure above.
Describe the development of friendship among the four men in the story.