Register

Xavier invests $100 each month for 6 months in an account that pays 6% APR compounded monthly. What is the future value of Xavier's account after 6 months? A. $697.53 B. $6…

Xavier invests $100 each month for 6 months in an account that pays 6% APR compounded monthly. What is the future value of Xavier's account after 6 months? A. $697.53 B. $6…
207k views
0 votes
Xavier invests $100 each month for 6 months in an account that pays 6%

APR compounded monthly. What is the future value of Xavier's account after
6 months?
A. $697.53
B. $607.57
C. $593.32
D. $635.77

User Keith Turkowski
by
9.0k points

1 Answer

0 votes

Answer: $607.57

Explanation:

User Nils Petersohn
by
7.6k points
← Prev Question Next Question →

Related questions

Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Categories

Other Questions

How do you can you solve this problem 37 + y = 87; y =
How do you estimate of 4 5/8 X 1/3
A bathtub is being filled with water. After 3 minutes 4/5 of the tub is full. Assuming the rate is constant, how much longer will it take to fill the tub?
Link Copied!