Mathematics, 06.05.2020 21:20 relliott4950
Isabel deposits $6,000 into an account that earns 1.5% interest compounded monthly. Assuming no more deposits and no
withdrawals are made, how much money is in the account after 4 years?
Compound interest formula: V(t)= P(1+
t = years since initial deposit
n = number of times compounded per year
r= annual interest rate (as a decimal)
P = initial (principal) investment
V(t) = value of investment after t years
O $6,360.00
O $6,370.78
$7,180.89
O $10,892.13
Answers: 3
Mathematics, 21.06.2019 14:30
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As a self-employed seamstress, you know that it takes 7 yards of material to make 3 jackets. you bought 15 yards of material to make 7 jackets. did you buy enough material? if not, how much were you over or under?
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Isabel deposits $6,000 into an account that earns 1.5% interest compounded monthly. Assuming no more...
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