jenavieacosta10
jenavieacosta10 jenavieacosta10
  • 18-03-2021
  • Mathematics
contestada

if you deposit 4500 at 5% annual interest compounded annually how much money will be in the account after 30 months

if you deposit 4500 at 5 annual interest compounded annually how much money will be in the account after 30 months class=

Respuesta :

senpaicaffeinated
senpaicaffeinated senpaicaffeinated
  • 18-03-2021

Answer:

A = $ 50,978.44

Step-by-step explanation:

First, convert R percent to r a decimal

r = R/100

r = 5%/100

r = 0.05 per year,

Then, solve our equation for A

A = P(1 + r/n)nt

A = 45,000.00(1 + 0.004166667/12)(12)(2.5)

A = $ 50,978.44

Answer Link

Otras preguntas

What is the value of f(3)
What is the solution to this equation x + 20 + 10x = 20 + 9x
The gravitational force between two objects: is always the same will decrease if either object gains mass will increase if the objects are moved closer toge
Which of the following contains stem cells that can produce only their own type of cells? 1) 6-week-old embryo 2) Adult3) 3-day-old embryo 4) Blastocyst
estimate the product 2 2/7 x 8 11/13 ? A) 27 B) 18 C) 16 D) 24
How have the Great Lakes helped Ontario develop? a. The lakes have provided water for irrigation. c. The lakes are a source of excellent fishing. b. The lakes h
Which event is distinct to the modern era?
find the area of the trapezoid
Ben has 10$ to spend on dinner. He can have a pizza delivered, drive to a burger place, or go to the grocery store to get ingredients for a fresh salad. In the
solve with quadratic formula ...8x squared - 2x - 10 = 0