ccccccajaundy ccccccajaundy
  • 10-11-2016
  • Mathematics
contestada

Gene invested $500 at 8% interest compounded quarterly. how much is in the account after 1 year?

Respuesta :

ezrabean
ezrabean ezrabean
  • 11-11-2016
$5412.22
 
Use the formula A=P(1+r/n) to the n times t power

P= initial investment 500
r= Rate 8% change to decimal .08
n= number of times compounded which is quarterly so 4
t= time which is just 1 for one year
Answer Link

Otras preguntas

write 534 in two different ways
Bridgewater legal offices charges a $250 retainer fee for real estate transactions plus $180 per hour. Dockside legal charges a $100 retainer fee plus $230 per
what were the three religious practices one could find in Mecca before Muhammad Revelations?
Find the cost of 12 sweets if 2 sweets cost 5p
He Sun bought 3 skirts for s dollars each and a jacket that costs 5 times as much as each skirt. She spent a total of $280. How much did the jacket cost?
Round 4.191 to nearest hundredth
find the roots of the equation: y=4(X+4)^2 -12
Which events recorded in the torah reflect the israelite beluef that god had a plan for the people of Israel?
an athlete can run at 4 meters per second how far can she run in 2 hours
Judaism and Christianity are similar because