johnrichardpastranat johnrichardpastranat
  • 04-05-2022
  • Mathematics
contestada

Find the compound amount and interest if Php. 400,000 is invested at 8 %, compounded quarterly for 5 years and 6 months?

Respuesta :

jsimpson11000 jsimpson11000
  • 10-05-2022

Answer:

618 391 .87

Step-by-step explanation:

5 years 6 months = 22 quarters

8% = .08      .08/4 = .02 interest per period

400 000 ( 1 + .02)^22 = 618 391.87

Answer Link

Otras preguntas

An elevator is used to either raise or lower sacks of potatoes. In the diagram, a sack of potatoes of mass 10 kg is resting on a scale that is resting on the fl
why was sputnik important?
give some facts on Sputnik
The smallest and the largest whole numbers that round to 70 when rounded to the nearest ten. What are the numbers....
where did the idea for it come from, what did sputnik do and can you think of anything else about sputnik,
What Does 'House Poor' Mean?
A 9.0 volt battery is connected to four resistors in a parallel circuit. The resistors have 7.0 Ω, 5.0 Ω, 4.0 Ω, and 2.0 Ω respectively. What is the total curre
what does 'keep your cool' mean?
A 9.0 volt battery is connected to four resistors in a parallel circuit. The resistors have 7.0 Ω, 5.0 Ω, 4.0 Ω, and 2.0 Ω respectively. What is the total curre
Which causes fermentation?A. AntibodiesB. AntigensC. MicroorganismsD. Antibiotics