loveflutetastic loveflutetastic

21-07-2017
Mathematics

contestada

Find the balance in the account. $4,100 principal earning 4%, compounded monthly, after 10 years

Respuesta :

Aliwohaish12 Aliwohaish12

21-07-2017

The formula is
A=p (1+r/k)^kt
A future value?
P present value 4100
R interest rate 0.04
K compounded monthly 12
T time 10 years
A=4,100×(1+0.04÷12)^(12×10)
A=6,112.41. ..answer

Answer Link

musiclover10045 musiclover10045

21-07-2017

$4100*(1+0.04/12)^(12*10)

4100*1.490832682=

$6112.41

Answer Link

Otras preguntas

Suppose the population of a town is 8,200 and is growing 3% each year. Write an equation to model the population growth. Predict the population after 3 years.

What's the slope for (3,7) (-5,-9)

Which meal of the day is the largest in many Spanish-speaking countries

PLEASE HELp WITH Question 6

I'm stupid and don't know how to do this... Please help.. In the figure below, lines m and n are parallel: In the diagram shown, ∠7 measures 92 degrees. What i

The circumference of the circle is 69.08 cm. What is the diameter

What is 0.98 0.27 and0.34 from greatest to least

Why was the war called French and Indian war?

How might Germany react to the peace agreement ending World War I? Select all that apply. A. Germany might resent having to pay reparations. B. Germany migh

Which of the following items is an example of a sustainable agriculture practice?A. Subsistence farming on a fragile ecosystemB. Large-scale cattle farmingC. Sl