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Does anyone know the answer to this question ​
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Does anyone know the answer to this question ​

Does anyone know the answer to this question ​-example-1
User Kamali
by
8.9k points

1 Answer

4 votes
$265.32

r = R/100
r = 4/100
r = 0.04 rate per year,
A = P(1 + r/n)nt
A = 1,000.00(1 + 0.04/1)(1)(6)
A = 1,000.00(1 + 0.04)(6)
A = $1,265.32
1,265.32-1,000=265.32
User Jevaughn
by
8.7k points
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