mak33softball mak33softball
  • 11-06-2021
  • Mathematics
contestada

Find the amount of money in an account after 9 years if $2,600 is deposited at 8% annual interest compounded monthly

Respuesta :

madethisfortwitch1
madethisfortwitch1 madethisfortwitch1
  • 11-06-2021

Answer:

5328.78

Step-by-step explanation:

formula:

[tex]P(1+\frac{i}{n})^{n*t}\\2600(1+\frac{.08}{12})^{12*9}\\\\2600(1.006667)^{108}=5328.77861305[/tex]

this rounds to 5328.78

Answer Link

Otras preguntas

1. Compare the ways that society ( friend and local customs) influences your food choice
Is a cable tv a want or need
Using the table below, what is Tasha's annual take-home pay? A $74,500B. $59,111 C. $57,711 D. $64,810​
Josephine makes $29,695.06 annually, and she spends $5,048.16 per year on Food. What percent of her income goes towards Food?
is vapor distilled water the same as distilled water
Solve with working shown
Which equation has no solutions?|w| = –2|w| = 0|w| = 2|w| = 1
In the united states, who creates federal statutory law?.
A 5 poundcartonof clementine oranges priced at $4.30. what is the price per pound
What is the most important factor in determining the specificity of an enzyme.