evaaahernandez28 evaaahernandez28

24-04-2019
Mathematics

contestada

Suppose that you invest $250 every month in an account that has 3.6% APR. The account is compounded every month.

How much money will you have after 2 years?

Respuesta :

24-04-2019

Answer: $268.63

Step-by-step explanation:

A = P(1 + R/100n)^nt

P (principal) = 250

R = 3.6 (%)

n = 12 (months in a year)

t = 2 (years)

A = 250 x (1.003)^24

= $268.63

Answer Link

Otras preguntas

Which Enlightment idea is expressed in this excerpt from the Declaration of Independence ? All people are equal under the law, government's power should be dete

a snail moves at a speed of 2.394 inches per minute. if the snail keeps moving at the rate, about how many inches will it travel in 7.489 minutes?

What's 64 divided by 0.4

How did the age of enlightenment play a role in independence?

How did the age of enlightenment play a role in independence?

The sum of two numbers is 51 and the difference is 21 . What are the numbers?

Multi-step: A perfect score on a test with 25 questions is 100. Each question is worth the same number of points. a. How many points is each question on the tes

how many electrons does zinc lend?

Which Enlightment idea is expressed in this excerpt from the Declaration of Independence ? All people are equal under the law, government's power should be dete

The equation y+2=2(x-d) is the line that passes through the points (-1,-2) and (2,4). What is the value of d?