Register
Ramon needs to have $7230 in 12 years. How much money should he deposit in his account if he earns 3.25% interest compounded 4 times per year?
163k views
1 vote
Ramon needs to have $7230 in 12 years. How much money should he deposit in his account if he earns 3.25% interest compounded 4 times per year?

User Tal Ohana
by
7.9k points

2 Answers

0 votes

Answer:

4902.84

Explanation:

That's correct

User Pgl
by
8.0k points
5 votes
The answer would be $4,902.84
Would you like to know how I got that?
User Stephen Lombardo
by
9.4k 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.

9.5m 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
Link Copied!