trumaine1110
trumaine1110 trumaine1110
  • 04-04-2017
  • Mathematics
contestada

how much would $500 invested at 5% interest compounded monthly be worth after 4 years? round your answer to the nearest cent.

Respuesta :

robert7248
robert7248 robert7248
  • 06-05-2019

Answer:

500*(1+0.05/12)^(4*12) = 610.45

Answer Link

Otras preguntas

What is the slope of a line that is perpendicular to the line whose equation is y=4x+1?
guitar string has an overall length of 1.22 m and a total mass of 3.5 g before being strung on a guitar. Once it is used on the guitar, there is a distance of
An airliner is 9.34 feet wide. The airline wants to install 5 seats in each row. The seats are each 1.46 feet wide. Rounded to the nearest tenth, about how much
Acids are described as corrosive because they a. turn litmus blue. b. taste bitter. c. “eat away” at other materials. d. feel slippery.
How do I find the coordinates of the point P that lies along the directed segment from C(-3,-2) to D(6,1) and partitions the segment in the ratio 2 to 1?
Appreciate every help thank you
What TWO factors brought abolition to the forefront of political debates during the early nineteenth century? Group of answer choices a long economic depression
Which biological process involves the conversion of one type of chemical energy into another type of chemical energy?
How does the structure of DNA determine the structure of proteins?
I need help solving this problem |5x - 1| < 1