jaquelinmendez153 jaquelinmendez153
  • 01-05-2020
  • Mathematics
contestada

You deposit $300 each month into an account earning 5% interest compounded monthly how much will you have in 20 years

Respuesta :

cathlin216 cathlin216
  • 01-05-2020

Answer:

The amount is $331.49 and the interest is $31.49.

P=$300 r=5% n=12 T=2years

Answer Link

Otras preguntas

Determine the number of significant figures in the following result: The scientist measures the rate to be 7.030×10^-3 meters/second. Number of significant fi
You have a homework grade of 55, four test grades that are 91, 82, 70, 68, and a final exam grade of 65. The table shows how these grades are weighted to calcul
What type of ear never gets dirty?
If a= 2 m/s2, determine v when t= 2 s if v= 0 when t= 0
HELPPPPPPPPPP PLEASEEEEEEEE
4. Find only the two exponential polynomials 3x²- x-4. And check the correctness of the relationships between digits and coefficients:​
Alex's statement shows a previous balance of $3694.23, a payment of $100, and new transactions totaling $235. His APR is 19.2%. What is his new balance?
what had Andrew been thinking about? How would you like to describe the state of his thoughts? Ans- ​
Consider: 222× −322 = 33 6×922 Do you agree or disagree? _____________ Justify your choice:
radicales alquilo 2-etil-5-metil-6-propil-8-isopropil-2-octano​