ivyyyyy1 ivyyyyy1
  • 08-06-2018
  • Mathematics
contestada

A principal of $3500 is invested at 3.75% interest, compounded annually. How much will the investment be worth after 12 years? Round to the nearest dollar

Respuesta :

altavistard
altavistard altavistard
  • 08-06-2018
Use the compound amount formula:

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

Here,

A = $3500*(1+0.0375/12)^(12*12) =  $5485.24
Answer Link

Otras preguntas

Which is a characteristic of mixtures
Graph the inequality -5x+2y>6
Which point of view reports the thoughts and actions of one character at a time and uses the pronouns “he,” “she,” and “they”?
PLEASE HELP!!!!! Which of these would be included on a typical source card? Select all that apply. heading author's name related sources name of publication art
A 3-pound bag of apples costs $5.25. What is the unit price of a pound of apples? $1.25 $1.75 $2.25 $2.75 per pound At this rate, how many pounds of apples c
please help me solve this question
What are the best estimate for the amount of lemonade needed to serve six people
solve for x. 0.4=log x
how do you find “c”? And how do you set up the equation?
How does the market determine the price and the quantities supplied and demanded?
good job