draines1955 draines1955

04-05-2020
Mathematics

contestada

Hellen invested 20,000 that earns 4.68% compounded monthly for four years00 earn 4.68% compounded monthly for 4 years future value

Respuesta :

sqdancefan sqdancefan

05-05-2020

Answer:

24,108.59

Step-by-step explanation:

The future value formula seems applicable.

FV = P(1 +r/n)^(nt)

FV = 20,000(1 +0.0468/12)^(12·4) = 20,000(1.0039^48)

FV ≈ 24,108.59

Answer Link

Otras preguntas

The figure below shows a large rectangle with a small rectangle cut out of it.What is the area?

Mini Case Study-Walmart GoLocal 1. How this piece of news related with the definition of marketing? Choose at least three perspectives to elaborate. 2. What is

would any help me to write a Draft an Argumentative Research Essay, about how important having a pets to our mental and health please

92÷9−5=913 find value of p

Find y please help !!!

solve 3(10)^x = 30,000

A hiker is climbing down a valley. He stops for a water break 4 times. Between each break, he descends 15 meters. How many meters did he descend? Ju Chan answer

Evaluate. -|a+bl 2-c when a = 1, b = -2, and c = -7 Enter your answer as a simplified fraction in the box.

A pack of sugar costs £1.25 for 500g. How much for 1kg?

Which of the following is correct based on this picture?