Find the amount in an account if $3,500 is invested at 6.12% compounded monthly, for 4 1/2 years.

Question

02-12-2017
Mathematics

contestada

Find the amount in an account if $3,500 is invested at 6.12% compounded monthly, for 4 1/2 years.

Respuesta :

Otras preguntas

Given the equation representing a reversible reaction:NH3(g) + H2O(l) <=> NH4+(aq) + OH-(aq)According to one acid-base theory, the reactant that donates a

How many milliliters of 0.100 M NaOH(aq) would be needed to completely neutralize 50.0 milliliters of 0.300 M HCl(aq)? (1) 16.7 mL (3) 150. mL (2) 50.0 mL (4) 3

a war between two sides of the same country

simplify Tangent^2(theta)/Sec(theta)+1

What are the human pathogens that are endemic to sub-Saharan Africa and can be transmitted through bug bites or the consumption of contaminated foods?

Which half-reaction correctly represents reduction? (1) Mn4+ ==> Mn3+ + e- (2) Mn4+ ==>Mn7+ + 3e- (3) Mn4+ + e- ==>Mn3+ (4) Mn4+ + 3e- ==> Mn7+

what is the log(45)/log(15) simplified?

Which two elements have the most similar chemical properties? (1) Be and Mg (3) Cl and Ar (2) Ca and Br (4) Na and P

Which leaders of reconstruction had died by 1877

jorel1380 jorel1380 · Answer 1 · 2017-12-03T00:39:48+01:00

jorel1380 jorel1380

03-12-2017

6.12% compounded monthly equals 0.0612/12, or 0.0051 added monthly. So, $3500 invested for 4-1/2 years is:
3500 x (1.0051)^(48+6)=1.3161x3500=$4606.48
☺☺☺☺

Answer Link