Register
How long will it take to accumulate $1200 in an account, if you begin with $1000 and the account pays 6% compounded monthly?
71.8k views
4 votes
How long will it take to accumulate $1200

in an account, if you begin with $1000 and
the account pays 6% compounded
monthly?

User Jblejder
by
4.9k points

1 Answer

4 votes

Answer:

it will take 4 months

Explanation:

User Troy Gizzi
by
5.5k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

5.3m questions

6.9m answers

Other Questions

Pizza planet is running a special 3 pizzas for 16.50. What is the unit rate for one pizza
What number is halfway between 0 and 18
If the 9-inch wheel of cheese costs $18.60, what is the cost per square inch? If the cost is less than a dollar, put a zero to the left of the decimal point?
how long Will it take for $7000 investment to grow to $7553 and the annual rate of 3.4% compounded quarterly assume that no withdrawals are made
Need answer to math problem!!!​
Link Copied!