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

Which process takes place in the mitochondrion? a) Photosynthesis b)anaerobic respiration c)ATP production d)synthesis of glucose

When a molecule of doubled stranded DNA undergoes replication, results in

Which tools can be used for inductive reasoning (U can pick more then one) A.) Experimentation B.)definitions C.) Patterns D.)principles of deductive logic

which of the following statements about assisted suicide is true?

Why are clothing ads aimed at teens ethical?

-1 2/3 + 3 1/2 as a mixed number

what is the gcf of 9 and 16

what does rhetoric refer to today? a. the art of persuasion in any medium b. the skill of tricking people c. the art of spoken communication only d. the ability

an equation and the steps to solve it are shown below: 3x − 1 over 2 (8x − 2) = 4 step 1: 3x − 4x 1 = 4 step 2: x 1 = 4 step 3: x 1 − 1 = 4 − 1 step 4: x = 3 wh

Help I need to find x and I need to show work plz help and thanks