kimberlyyvillalobos kimberlyyvillalobos

12-05-2022
Mathematics

contestada

You are investing $1500 at 5.2% compounded annually. How much money will you have in 12 years?

Respuesta :

Аноним Аноним

12-05-2022

Answer:

$2756.01 to the nearest cent.

Step-by-step explanation:

A = P(1 + r)^t where A is the amount after t years, P = amount invested, r = rate as a decimal fraction.

So here, we have:

A = 1500(1 + 0.052)^12

= 1500 * 1.837337

= $2756.01

Answer Link

Otras preguntas

In the poem "Verses upon the Burning of the House," the poet asks God to _____.

The formula for the area of a rectangle is: A = b × h If A = 27 in.2 and h = 3 in., find b. A) 24 in. B) 30 in. C) 9 in. D) 51 in.

Which key factor distinguishes organic compounds from inorganic compounds

4x-3y y=7x-4 step by step to answer

Please answer loluwjejejej

All of the following are advantages to attending a community college except: A.It gives students time to improve their GPAs. B.It is cost-effective. C.It allo

you invest 5000 in an account to save for college. Option one pays 4% annual interest compounded monthly. What would be the account balance after 2 years?

Plzzz help In the mid-1800s, many people were motivated to seek a better life in the West. The move required many sacrifices for those who made the decision to

11. What is the slope of the line that passes through the points (–1, 13) and (4, –2)? A. -1/3 B. 3 C. the slope is undefined D. -3

Why being famous is boring