If $5,000 is invested at 3.2% interest compounded monthly, how much would you have after 40 months? (Posted it before but it got deleted because someone put a link in the answers)

My account
Edit my Profile
Private messages
My favorites

Ask a Question
Questions
Tags
Categories
Ask a Question

JohanB asked Apr 27, 2023

169,207 views

6 votes

If $5,000 is invested at 3.2% interest compounded monthly, how much would you have after 40 months?

(Posted it before but it got deleted because someone put a link in the answers)

Mathematics
college

JohanB asked Apr 27, 2023

by JohanB

3.5k points

0 Comments

Your comment on this question:

Email me at this address if a comment is added after mine:Email me if a comment is added after mine

Privacy: Your email address will only be used for sending these notifications.

Your answer

Email me at this address if my answer is selected or commented on:Email me if my answer is selected or commented on

Privacy: Your email address will only be used for sending these notifications.

1 Answer

27 votes

Answer:

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

Explanation:

Rmag answered May 3, 2023

by Rmag

2.9k points

0 Comments

Your comment on this answer:

Email me at this address if a comment is added after mine:Email me if a comment is added after mine

Privacy: Your email address will only be used for sending these notifications.

Ask a Question

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

1.6m questions

2.0m answers

0 Comments

Your comment on this question:

Your answer

1 Answer

0 Comments

Your comment on this answer:

Other Questions