jaquelinmendez153 jaquelinmendez153
  • 01-05-2020
  • Mathematics
contestada

You deposit $300 each month into an account earning 5% interest compounded monthly how much will you have in 20 years

Respuesta :

cathlin216 cathlin216
  • 01-05-2020

Answer:

The amount is $331.49 and the interest is $31.49.

P=$300 r=5% n=12 T=2years

Answer Link

Otras preguntas

why did the virginia company decide to fund a colony at jamestown
Which of the following is the equation of the line that passes through (-1,3) and (-5,1)? A. y = 2x - 7 B. y = 2x + 5 C. y = 1/2x - 5/2 D. y = 1/2x + 7/2
Sanjeev enters into a contract offering variable consideration. The contract pays him $1,000/month for six months of continuous consulting services. In addition
Eight less than three quarters of a number is 91​
which of these is not a characteristics of a federal form of government
In a standard deck of cards, what is the smallest number of cards that you would have to draw in order to have a pair (two of the same rank, but different suits
Explain why the precise length target DNA sequence doesn't get amplified until the third cycle. You may need to use additional paper and a drawing to explain yo
73. The study of life
Using alcohols as solvents offers the advantage of using RO-ions which are somewhat stronger _than the hydroxide ion. A bases B acids
help According to international law of Europe in the late 18th century, there were only three ways that Britain could take possession of another country. What w