nbrittsan3 nbrittsan3
  • 19-11-2020
  • Mathematics
contestada

Find the amount of money in an account after 9 years if $2300 is deposited at 8% annual interest compounded quarterly

Respuesta :

netizenwebb netizenwebb
  • 19-11-2020

Answer:

4691.74

Step-by-step explanation:

A = P(1 + r/n)^nt

   = 2300(1 + .08/4)^(4 * 9)

   = 2300(1.02)³⁶

   = 2300 * 2.039887

   = 4691.74

Answer Link

Otras preguntas

a plan has scale 1:22. what is the actual length, in cm, represented by 101 cm ?
how do we keep lincons promise to our vets. and famly
Teen boys who experience massive growth spurts can thank their endocrine system for signally the body to grow. True or False?
core conditioning looks to improve?
the upward force that keep an object afloats is gravity? true or false
describe the way armies turned civilians into soldiers during the civil war
a similarity between the separation of powers a system of checks and balances and Federalism is the they
the myth says a long journey with little adventure was like imagining a sky without stars. This is an example of ? A: a metaphor B: personification C: hyperbole
I need help with 18 and 19 please
mrs gannon is having her class make winter decorations using pine cones. If each decoration needs 11 pine cones and mrs gannon has 18 student in her class. How