jaquelinmendez153 jaquelinmendez153
  • 01-05-2020
  • Mathematics
contestada

You deposit $300 each month into an account earning 5% interest compounded monthly how much will you have in 20 years

Respuesta :

cathlin216 cathlin216
  • 01-05-2020

Answer:

The amount is $331.49 and the interest is $31.49.

P=$300 r=5% n=12 T=2years

Answer Link

Otras preguntas

Falls in old age are usually the result of A. osteoporosis. B. arthritis. C. poor nutrition. D. poor balance.
What is the term that describes groups of Arab nomads?
Liam is reading a 254-page book for school. He can read 40 pages in one hour. The equation for the number of pages he has left to read is y=254-40x, where x is
A response that is automatic, or not learned, is called a conditioned response. a. True b. False
What is the liquid element used in thermometers
How would you sum up the dangers of using U.S forces to attack ISIS? What are the dangers of not doing that?
difference between 21 1/4 - 18 2/4
how are expressions and equations different
What group formed to fight for farmers issues?
Eight soccer players share 7 oranges equally. What fraction do each get?