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

Solve the equation below
the population of a town doubled in 5 years then doubled again in the next 10 years. what is the percent increase?
An investor sells short 100 shares of abc stock at $87 and sells 1 abc jan 85 put @ $2 on the same day in a margin account. the customer must deposit:
PLEASE MATH HELP WILL GIVE BRAINLIEST! 1.What is the equation of a line that passes through the point (8, −2) and is parallel to the line whose equation is 3x +
Albert einstein considered god to be essentially the sum total of the physical laws which describe the universe. i do not know of any compelling evidence for an
The next model of a sports car will cost 12.3% more than the current model. the current model costs $52,000 . how much will the price increase in dollars? wh
The sum of all positive integers less than 400 which are not divisible by 5.
Being pessimistic is a good way to improve your self-esteem. a. True b. False
If the x-axis is quantity and the y-axis is price, what does the 85 in point (85, 5) represent?
Amniocentesis is a test in which fluid is removed from the uterus so the baby's genetic composition can be determined. true or false