menu
Qammunity
Login
Register
My account
Edit my Profile
Private messages
My favorites
Ask a Question
Questions
Unanswered
Tags
Categories
Ask a Question
Bryan deposited $650 in a savings account that earns 6% interest compounded annually. If he does not deposit or withdraw any more money, how much money will there be in the account after 12 years?
asked
Mar 15, 2018
121k
views
4
votes
Bryan deposited $650 in a savings account that earns 6% interest compounded annually. If he does not deposit or withdraw any more money, how much money will there be in the account after 12 years?
Mathematics
high-school
Econgineer
asked
by
Econgineer
8.0k
points
answer
comment
share this
share
0 Comments
Please
log in
or
register
to add a comment.
Please
log in
or
register
to answer this question.
1
Answer
2
votes
A=p (1+r)^t
A future value
P present value 650
R interest rate 0.06
T time 12 years
A=650×(1+0.06)^(12)
A=1,307.93
Pablo Pantaleon
answered
Mar 20, 2018
by
Pablo Pantaleon
8.6k
points
ask related question
comment
share this
0 Comments
Please
log in
or
register
to add a comment.
← Prev Question
Next Question →
Related questions
asked
Mar 23, 2024
158k
views
How much would you have to deposit now to be able to withdraw $650 at the end year for 20 years from an account that earns 11% compounded annually? Please solve this step by step
Ler
asked
Mar 23, 2024
by
Ler
8.7k
points
Mathematics
high-school
1
answer
2
votes
158k
views
asked
Jun 26, 2024
234k
views
Carole Finney rents an apartment for $650 a month and pays$120 for insurance and $820 for utilities yearly. She can buy a home with about the same space for$52,000. If she buys the home, she must withdraw
Anarchivist
asked
Jun 26, 2024
by
Anarchivist
7.9k
points
Business
high-school
1
answer
0
votes
234k
views
asked
Dec 18, 2022
86.8k
views
Sally's bank account has $650 in it. Every week, Sally withdraws $50 to pay for her dog sitter. What is the maximum number of weeks that Sally can withdraw the money so there is at least $75 remaining
Moojen
asked
Dec 18, 2022
by
Moojen
7.8k
points
Mathematics
high-school
1
answer
3
votes
86.8k
views
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 =
What is .725 as a fraction
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?
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
Twitter
WhatsApp
Facebook
Reddit
LinkedIn
Email
Link Copied!
Copy
Search Qammunity