DixieN0rmous DixieN0rmous

24-06-2022
Mathematics

contestada

How much for $100 invested in 6% interest compounded monthly be worse after 20 years

Respuesta :

ihabelias ihabelias

24-06-2022

Answer:

$331.02

Step-by-step explanation:

compound interest formula

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

P = principal amount

r = rate decimal

n = number of times interest is compounded

t = time

A = 100 * (1 + .06/12)^(12*20)

A = 331.02

Answer Link

Otras preguntas

Diego has been observing how well a type of plant grows in diffrent locations.he convludes that location with bright sunlight is the best for the plant.

Explain how the flow of electricity differs in a battery from the type of current in a home.

The skating rink rented 218 pairs of skates during the month of April and 3 times that many in May how many pairs of skates did the rink rent I during April and

eliminate arbitrary constants using determinant. y=c1*exp(x) c2*exp(2x). so they want us to find a 2nd order diff. equation

5. multiply 9x^2(2x^2 8x) a) 18x^4 72x^3 b) 18x^2 72x^3 c) 11x^4 - 17x^3 d) 90x^4

98 divided by 23 is what

Read the sentence from Patrick Henry's speech to the Virginia convention. Why is this sentence an example of the use of metaphor "I have but one lamp by which

Thomas Aquinas wrote about the nature and role of government in: A.On Kingship B.The Condition of the Working Class in England C.The Prince D.Nichomachean Ethic

7.2×12×0.23= ? round to the nearest hunderth

More than ______ of fatalities on the road are related to alcohol A) 25% B) 30% C) 80%