Substitute the values to calculate the compound interest. Principal: $90,000.00 time: 10 years rate: 6% number of compounding periods per year: 12 What is the total amount accrued? (principal and interest)

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asked Jan 10, 2020 133k views

3 votes

Substitute the values to calculate the compound interest.

Principal: $90,000.00

time: 10 years

rate: 6%

number of compounding periods per year: 12

What is the total amount accrued? (principal and interest)

Round the answer to the nearest cent.

Mathematics
college

Magma asked

by Magma

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1 Answer

2 votes

Answer:

163,746

Explanation:

T= 90,000(1+0.06) ∧120/12

Ophir Prusak answered Jan 14, 2020

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