tatayury123 tatayury123
  • 03-04-2017
  • Mathematics
contestada

how much money will you have in 3 years if you invest $1000 at 3% compounded monthly?

Respuesta :

Aliwohaish12
Aliwohaish12 Aliwohaish12
  • 03-04-2017
A=p(1+i/m)^mn
A=1,000×(1+0.03÷12)^(12×3)
A=1,094.05
Answer Link

Otras preguntas

What is Sir Francis Drake hardships
Rewrite the function c(x) =9(x+3) using the distributive property
What are two different ways to describe and label the layers of the Earth?
is it possible for a distance versus-time graph to be a vertical line?
Rewrite the function c(x) =9(x+3) using the distributive property
Was the Gold Rush a good or bad thing for the United States?
in what ways is climate controlled by the sun and the water cycle ?
What is Sir Francis Drake hardships
Trying to translate word problems. Five times the sum of 3 and twice some number is 70. what is the number?
What two major processes are involved in the oxygen cycle?