samiamsam samiamsam
  • 02-07-2018
  • Mathematics
contestada

How much was $500 invested at 6% interest compounded monthly be worth after four years

Respuesta :

wolf1728
wolf1728 wolf1728
  • 02-07-2018
Total = 500 * (1 + .06/12) ^ 12 * 4
Total = 500 * (1.005) ^ 48

Total = 500 * 1.2704891611
Total =635.24
Ver imagen wolf1728
Answer Link
mh101 mh101
  • 02-07-2018
632.5 I think is how much
Answer Link

Otras preguntas

Have we succeeded in adequately preserving our rights and freedoms?
He visto a mucha gente usar "caer mal" para describir una acción como por ejemplo "No hagas eso que me cae mal" y por ende yo también lo he usado de esa forma.
Which words or phrase should be emphasized in the following step to help convey order? Be sure to jump forward. Immediately after you pop, drag your front foot
How did Europe's first system of musical notation help singers?
A six-sided number cube is rolled 300 times. The results are 120 even numbers and 180 odd numbers. How does the relative frequency of rolling an even number com
Please help me with #5 !?
Can someone explain what kinetic energy and potential magnetic energy mean?
How a person winds up in court
which description match the method that george washington used to govern the new republic
it is on the pic please answer the questionn