menu
Qammunity.org
Login
Register
My account
Edit my Profile
Private messages
My favorites
How much would 200 invested at 5% interest compounded monthly be worse after 9 years? round your answer to the nearest cent
Ask a Question
Questions
Unanswered
Tags
Categories
Ask a Question
How much would 200 invested at 5% interest compounded monthly be worse after 9 years? round your answer to the nearest cent
asked
Feb 12, 2018
96.7k
views
5
votes
How much would 200 invested at 5% interest compounded monthly be worse after 9 years? round your answer to the nearest cent
Mathematics
high-school
Geshan
asked
by
Geshan
8.3k
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
4
votes
The formula is
A=p (1+r/k)^kt
A future value?
P present value 200
R interest rate 0.05
K compounded monthly 12
T time 9 years
A=200×(1+0.05÷12)^(12×9)
A=313.37
Johankj
answered
Feb 19, 2018
by
Johankj
8.0k
points
ask related question
comment
share this
0 Comments
Please
log in
or
register
to add a comment.
← 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
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
Write words to match the expression. 24- ( 6+3)
Twitter
WhatsApp
Facebook
Reddit
LinkedIn
Email
Link Copied!
Copy
Search Qammunity.org