Register
Bob invests $500 into an account with 4.5% interest compounded monthly. How much money will be in the account in 9 months? A. $522.97 B. $517.13 C. $743.05 D. $674.56 For my brother
364,499 views
23 votes
23 votes
Bob invests $500 into an account with 4.5%

interest compounded monthly. How much money
will be in the account in 9 months?
A. $522.97
B. $517.13
C. $743.05
D. $674.56
For my brother

User Chenglong
by
2.5k points

1 Answer

19 votes
19 votes
100 + 4.5 = 104.5

/100 = 1.045

500 x 1.045^9

= $ 743.05

So C
User David Pell
by
3.0k points
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

Other Questions

Can anybody tell me what’s going on here?
Granola costs $1.76 per pound. Write and solve an equation to determine the number of pounds p of granola that can be purchased with $7.04. The equation is: The value of x is
Evalute 8a -1+0.5b when a =1/4 and b= 10 how dose this work i need help..
PLZ needed now plz URGENT!
HELP PLEASE, I NEED THE ANSWER QUICKLY
Link Copied!