youngboy9 youngboy9
  • 16-05-2017
  • Mathematics
contestada

Tanisha wants to have $1000 in her bank account in 5 years. How much money should she deposit if her account earns 6% interest which is compounded 2 times per year?

Respuesta :

bianca0205
bianca0205 bianca0205
  • 16-05-2017
Here is how you set it up: 

1000/(1+(0.06/2))^(2*5) = $744.09 

Your answer is: $744.09 

Have an amazing day and stay hopeful!
Answer Link

Otras preguntas

difference between the major scale and minor scale​
Les Animaux – Number your paper 1-6 and write down the words as you hear them spelled. Then, match the words you’ve written with the pictures. One of the words
How do vapors and gases differ
5. What does the word "confederation" mean?
What conclusion can be drawn from this map ? O Africa is the most arid continent in the world . The climate of Africa varies widely by region . climate of Afric
Giving brainlist and points I need help ASAP please help!
A common way for two people to settle a frivolous dispute is to play a game of rock-paper-scissors. In this game, each person simultaneously displays a hand sig
People looked as small as ants below them.” What type of figurative language is the author using? *
Solve for x: 2|x − 3| + 1 = 7
a rational value less than 0​