jocekinn
jocekinn jocekinn
  • 10-04-2017
  • Mathematics
contestada

Kim Lee deposits $1,200 in a certificate of deposit for 5 years.
Find the compound amount if the interest rate is 4% compounded daily.

Round to the nearest cent.

Respuesta :

Aliwohaish12
Aliwohaish12 Aliwohaish12
  • 10-04-2017
A=1,200×(1+0.04÷360)^(360×5)
A=1,465.67
Answer Link
KitKat69
KitKat69 KitKat69
  • 10-04-2017
PRT=I.
1,200(5)(.04)=I.
6,000(.04)=I.
240=I :)
Answer Link

Otras preguntas

If i started at 11:40 A.M. And my elapsed time was 5 hours and 20 minutes. What is my end time?
Write an equation of the line through the given points(0, 4), (3, 3)​
Divide. (18x^3 + 12x^2 - 3x) ÷ 6x^2
Figure B is a rotation of Figure A about point C. Which of the following is true? A. The two figures are congruent. B. Figure A is a translation. C. The t
Using the credit card from question 13, if you have a good credit rating, how much must you pay at the end of the month to get the balance to the acceptable deb
Can someone help me, I need this done in 5 hours?
Members of the replublican party would likely support all of the following causes EXCEPT?
Why is mercutio looking for Romeo
Find the common ratio of the sequence. –172, –86, –43, –21.5, . . .
How to do 6 exercise?