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

Buy war bonds. This poster would have been found during what conflict? A). Korean War B). Work war 1 C). Vietnam war D). World war 11

Please help me with these 4 questions

somebody help me please its easy 30pts brainliest!!!!

What is the remainder when x^3 – 1 is divided by (x + 2)?

Reactants and products of 2H2O=2H2O+O2

The first step chelsea used to solve an equation is shown below 3x^2 +4x =19 x(3x +4) =19 what property justifies this step? A. Inverse property B. commutati

PLZ help me with this question!!

A scientist wrote a paper titled “Directional Selection in Action” after observing a population of mice for 15 years. The mice typically preferred to eat berrie

What is snapping hip syndrome? Please help.

Cezanne believed that all forms in nature were based on the shapes: the cone,sphere,and cylinder