Register

Suppose $7,000 is deposited in an account paying 2% interest per year compounded monthly. Find the amount in the account after 20 years with no withdrawals

Suppose $7,000 is deposited in an account paying 2% interest per year compounded monthly. Find the amount in the account after 20 years with no withdrawals
129k views
1 vote
Suppose $7,000 is deposited in an account paying 2% interest per year compounded monthly. Find the amount in the account after 20 years with no withdrawals

User Will Dennis
by
8.2k points

1 Answer

0 votes
Ok get a calculator times 20 times 7000 and subtract 2 percent
User Jermel
by
8.2k points
← Prev Question Next Question →

No related questions found

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

Other Questions

How do you can you solve this problem 37 + y = 87; y =
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?
i have a field 60m long and 110 wide going to be paved i ordered 660000000cm cubed of cement  how thick must the cement be to cover field
Write words to match the expression. 24- ( 6+3)
A dealer sells a certain type of chair and a table for $40. He also sells the same sort of table and a desk for $83 or a chair and a desk for $77. Find the price of a chair, table, and of a desk.
Link Copied!