daleciaollison daleciaollison

04-03-2021
History

contestada

You deposit $4000 in an account that pays 2.88% annual interest. Find the balance after 2 years when the interest is compounded
monthly

Respuesta :

poetwithamission poetwithamission

04-03-2021

Answer:

$4,236.87

Explanation:

A = $ 4,236.87

A = P + I where

P (principal) = $ 4,000.00

I (interest) = $ 236.87

This is the formula:

A = P(1 + r/n)nt

A = 4,000.00(1 + 0.0024/12)(12)(2)

A = $ 4,236.87

Answer Link

Otras preguntas

John is researching the job of a quality control inspector. He thinks it would be fun to monitor the production process and test products to make sure that they

WILL MARK BRAINLIEST Fill in the blank with the future tense of the verb in parenthesis. Il _____ dix ans. (avoir) A) avoira. B) aura. C) aurai

how many moles are there in 67.2 grams of h2

Where did the Israelites originally come from?

think about how to use the interactive tool to form an expression equivalent to -x+(-3x)+12-9

_________ _________ Blues _________ _________was Ma Rainey’s Foremost student.

which of the following is the smallest? Our solar system Jupiter Andromeda galaxy Sun

Solve for y. 18y=126

Which of the following describes ice changing the Earth's surface by erosion? Water freezes in the cracks of a rock causing bigger cracks to form. A mound of ro

which is the other term for creative thinking?