Register
If $5,000 is invested at 3.2% interest compounded monthly, how much would you have in 40 months?
164k views
23 votes
If $5,000 is invested at 3.2% interest compounded monthly, how much would you have in 40 months?

User Gatsbyz
by
4.8k points

1 Answer

3 votes

Answer:

Use the given functions to set up and simplify 3.2 % . 5 = 0 = 3.2 % = 0.032 40 mo = 0.032

Explanation:

User Thejesh GN
by
5.0k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

5.8m questions

7.6m answers

Other Questions

Aliyah has $24 to spend on seven pencils. After buying them she had $10. How much did each pencil cost?
Evaluate a + b when a = –16.2 and b = –11.4 A. –27.6 B. –4.8 C. 4.8 D. 27.6
What is the value of x? (-4) - x = 5
Find the quotient of 3,078 ÷ 27. A) 104 B) 109 C) 114 D) 119
Can someone help me with 5??? ASAP?
Link Copied!