malikmar24nightwolf malikmar24nightwolf
  • 04-05-2017
  • Mathematics
contestada

You deposit $10 per month in a bank that offers an annual interest rate of 6%. At the end of three years, your balance is404.95 $517.21 $676.45 $393.94

Respuesta :

BlueSky06
BlueSky06 BlueSky06
  • 16-05-2017
We can compute for the total savings after three years and the solution is shown below:
i = 6%/12 months = 0.5 %
n = 3 years * 12 months = 36
F = P (1+i)^n
F = $10*36 (1+0.005)^36
F = $431

The answer is the letter "A" which is approximately equivalent to $404.95. 
Answer Link

Otras preguntas

Solve 9 ax + 10 ax = 11ax + 32 for x. Assume a ≠ 0 Can someone help
. Calculate the federal income taxes. In 1864, the federal income tax was 5 percent on incomes between $600 and $5,000 per year, 7.5 percent on incomes between
Isolate the y-variable in the equation 2x + y = 7. Answer please like ASAP
VERY EASY, WILL GIVE 50 POINTS FOR CORRECT ANSWER ASAP AND WILL GIVE BRAINLIEST.
Use past simple in your answer. What did you have for breakfast this morning?
find the area of the whole figure below​
calculate the [H3O+] of 0.35 M solution of benzoic acid, HC7H3O2
Please help me Im horrible at spanish!!!!!! El reporte de policía: El domingo a las 4 de la tarde recibimos una llamada de la familia Pérez. El Señor Pérez exp
Solve x plssssss :)))))
who was the leader of the Germans during WWII​