malikmar24nightwolf malikmar24nightwolf
  • 04-05-2017
  • Mathematics
contestada

You deposit $10 per month in a bank that offers an annual interest rate of 6%. At the end of three years, your balance is404.95 $517.21 $676.45 $393.94

Respuesta :

BlueSky06
BlueSky06 BlueSky06
  • 16-05-2017
We can compute for the total savings after three years and the solution is shown below:
i = 6%/12 months = 0.5 %
n = 3 years * 12 months = 36
F = P (1+i)^n
F = $10*36 (1+0.005)^36
F = $431

The answer is the letter "A" which is approximately equivalent to $404.95. 
Answer Link

Otras preguntas

Solve the equation. 7(k+6)+6 = 28+2k
The greenhouse effect _____________. select one: a. has made the earth the warm and cozy long before humans developed b. is unique to the planet earth c. never
Which is a factor of 144 − 49x2? 12 - 7x2 72 – 7x2 12 – 7x 72 + 7xI only asked this question so you guys would know the other answer is wrong i took the test a
47 x 68 = 3196 Use this information to work out 31.96 ÷ 0.47 =
which of the following was a reason put foward by the war hawks for war with britain in the early 19th-century?
What would happen if there were no germ-line mutations or genetic recombination possible in a population? (2 points) Genetic variation would have to come fro
Timing can be a major factor in the success of a business incorporation and emerging technology. Describe one potential problem associated with an organization
Solve the equation. 7(k+6)+6 = 28+2k
In a bag of 20 candies, 12 are red and 15 have peanuts in them. If the events of picking a red candy and picking a candy with peanuts are independent, how many
Why are plants unable to grow at the bottom of lakes?