babygirlcele27 babygirlcele27

09-11-2020
Mathematics

contestada

Rick deposited $5,000 in an investment account that earns 6% interest
compounded monthly. If he makes no other deposits or withdrawals, find
the total amount in the account after 18 years.
a. $5,469.64
b. $10,259.87
C. $14,271.70
d. $14,683.83

Respuesta :

stevenolsen08 stevenolsen08

04-12-2020

Answer:

D. 14,683.83

Step-by-step explanation:

P=5000

R=0.06

T=18

N=12

P(1+r/n)^(N)(T)

5000(1+0.06/12)^(12)(18)= 14,683.83

Answer Link

Otras preguntas

Create your own question about finding the area or circumference of a shape on the basketball court. As you choose your shape, make sure there are enough measur

Megan buys three bracelets and three necklaces each bracelet costs five dollars Megan pays the clerk $40 and gets four dollars change what is the cost in dollar

X=y/20-1/4 solve for y and show properties

Tú recibiste una carta de Marta en la que cuenta la rutina diaria de su familia. Escucha un fragmento de la carta y empareja a las personas con sus actividades.

Line WX is parallel to line YZ. If m∠XAB = (2x + 16)° and m∠VAW = 138°, find the value of x. A. 65 B. 69 C. 77 D. 61

How did the farmers alliances help farmers in the late 1800s? A. By creating stores that sold farming tools at cheap prices B. by creating railroads that shippe

Scientific researchers discovered agents that behaved like bacteria causing diseases such as rabies and hoof-and-mouth, but were much smaller. At this time it b

You are in a helicopter towing a 125-kg laser detector that mapping out the thickness of the Brunt Ice Shelf along the coast of Antarctica The original cable us

Read the passage from the opinion of the court in Brown v. Board of Education, written by Justice Warren. In the instant cases, that question is directly presen

Lawrence is an overweight male adult embarking on his first attempt at weight loss. He has heard that in order to lose one pound of fat per week, he should cut