chinekawilliams16 chinekawilliams16
  • 18-05-2020
  • Mathematics
contestada

7800 dollars is placed in an account with an annual interest rate of 6.5%. How much will be in the account after 29 years, to the nearest cent?

Respuesta :

zrh2sfo
zrh2sfo zrh2sfo
  • 18-05-2020

Answer:

Year 29 $2,956.63 Total Interest $40,643.25  Balance $48,443.25

Step-by-step explanation:

Base amount: $7,800.00

Interest Rate: 6.5% (yearly)

Effective Annual Rate: 6.5%

Calculation period: 29 years

Ver imagen zrh2sfo
Answer Link

Otras preguntas

Could any one help me.
A young shopper goes to the mall looking for ""cool"" clothes. What would a symbolic interactionist say about this situation?.
6. What structure is found only in the animal cell?
When water vapor touches a cool surface near the ground, _______ . forms.​
A scuba diver descends (goes down) to a location that is −10 m from sea level. He then descends (goes down) another -12 m. What is the scuba diver’s final locat
how is the sample size 500? if the problem says 50.
Divine bought 96 tins of milk for 3360.00 naira and sold them at 39.00 naira each. calculate his profit on the 96 tins of milk​
How do you write 1.565 in words?
What are all Nippon airways 3 Levels of Strategy? - Corporate Strategy - Business Strategy - Functional Strategy
I need help in physics, pls hurry! I will give Brainliest for correct answers!!