xhmu63eyz5 xhmu63eyz5
  • 04-02-2021
  • Mathematics
contestada

you deposit 3,800 in an account with an annual interest of 5.2% for 20 years

Respuesta :

x111flowers
x111flowers x111flowers
  • 04-02-2021

First, convert R percent to r a decimal
r = R/100
r = 5.2%/100
r = 0.052 per year,

Then, solve our equation for A
A = P(1 + r/n)nt
A = 3,800.00(1 + 0.004333333/12)(12)(20)
A = $ 10,726.90
Answer Link

Otras preguntas

Janet paid for her prescriptions costing $37.13. She paid with a $50 bill. How much change did Janet get back?
At the bookstore, Tim bought a magazine for $4, and fivebooks that all cost the same amount. He spent a total of$129. Which equation expresses how much each boo
What did Winfield Scott and Zachary Taylor have in common
The difference of twice a number n and 9 is 17.
Which sentence uses ellipses correctly for this quotation? A) Dr. King tells his listeners that ". . . This is no time to engage in the luxury of cooling off."
Which theme do All Rivers Run to the Sea and Maus share?
What was Puccini's father's job? O choirmaster O O lawyer doctor O trumpeter
What is the effective monthly rate for a quarterly rate of 11.25%? A. 2.7% B. 2.81% C. 3.62 % D. 3.75%
Interest that gives you money for using certain banks happen with... •debit cards •credit cards •ATM cards •gift cards
What is the name of Rose’s doctor? in oliver twist