subject
Mathematics, 10.11.2020 07:00 kendrawalraven

A bank account pays 0.5% monthly interest. 1. If $500 is put in the account, what will the balance be at the end of one year, assuming no
additional deposits or withdrawals are made?
2. What is the effective annual interest rate?
O a
Ob
a. (500) * (1.005)^15 or $1530.84 b. About 6.17%, because (1.005) 12 is about 1,0617.
a. (500) * (1.00)^12 or $530.84 b. About 6.17%, because (1.005) 12 is about 1.0617.
a. (1500) * (1.005)12 or $530.84 b. About 6.17%, because (1.005) 12 is about 1.0617.
a. (500) (1.005)^12 or $530.84 b. About 6.17%, because (1.005) 12 is about 1.0617.
Ос
Od


A bank account pays 0.5% monthly interest.

1. If $500 is put in the account, what will the balanc

ansver
Answers: 3

Another question on Mathematics

question
Mathematics, 21.06.2019 16:00
Question: what is the value of x 4x-2= (-7) +5x. it would be greatly appreciated if someone could actually explain to me step by step
Answers: 2
question
Mathematics, 21.06.2019 16:40
Which is the graph of f(x) = (4)x? image for option 1 image for option 2 image for option 3 image for option 4
Answers: 1
question
Mathematics, 21.06.2019 17:00
Consider the function represented by the equation 1/2 j + 1/4 k equals 3 which shows the equation written in function notation with j as the independent variable
Answers: 1
question
Mathematics, 21.06.2019 17:40
Aline has a slope of and a y-intercept of –2. what is the x-intercept of the line?
Answers: 1
You know the right answer?
A bank account pays 0.5% monthly interest. 1. If $500 is put in the account, what will the balance...
Questions
Questions on the website: 13722360