Robby9488 Robby9488

20-07-2020
Mathematics

contestada

Jimmie invested $13,000 at 5.23% compounded monthly.

What will Jimmie's account balance be in 42 years?

Respuesta :

ronhagrid310 ronhagrid310

20-07-2020

Answer:

116370.197$

Step-by-step explanation:

Jimmie invested $13,000 at 5.23% compounded monthly.

Jimmie's account balance (B) after 42 years:

B = principal x (1 + rate)^time

= 13000 x (1 + (5.23/100)/12)^(42 x 12)

= 116370.197$

Answer Link

Otras preguntas

Identify an organisation ,institution or project in your community.volunteer to provide support as a responsibility citizen.give the following : name address te

Write a sequence of statements that finds the first comma in the string associated with the variable line, and associates the variable clause the portion of lin

Which sentence contains no writing lapses? a.There is four factors to consider when choosing a writing style. b.Have you ever visited UPRA's website? c.The comp

A triangle has angles of 30,60,90. it is dilated by a scale factor of 3 give the angle meansures of the dilation of the angle

The terms of a will currently undergoing probate are: “A gift to my brother Chris of $40,000 cash; to my son Eric, $75,000 from my Redstone Savings Bank account

Best explanation and example will be mark BRAINLIEST. State the octet rule.

Please help with this problem I don’t understand

1. Highlight examples of antithesis and parallelism that King uses to demonstrate the failure of the Emancipation Proclamation to fulfill its promise to African

meaning of the act of determining

"We whose names are under-written ... do by these presents solemnly and mutually, in the presence of God, and one of another, covenant and combine our selves to