Mathematics, 29.11.2020 14:00 anonymous1813
Seema deposited $800 in a saving account earning 2.88% compounded annually. To the nearest cent, how much will she have in 16 years? Do not include the dollar sign in your answer.
Answers: 2
where A is the final amount, P is the initial principal balance, r is the interest rate, n is the number of times interest applied per time period and t is the number of time periods elapsed. Since the deposit was compounded annually, just like the interest, we can omit the n in the equation. 
= 1260.04 (rounded off to nearest cent since it's money) 
Another question on Mathematics
Mathematics, 21.06.2019 15:40
Given the following sampling distribution of one mean with a sample size 49, from a normally distributed population,find the population standard deviation, o.79828588912497
Answers: 3
Mathematics, 21.06.2019 19:00
Amovie streaming service charges it’s customers $15 a month. martina has $98 saved up. will she have any money left over if she pays for the maximum amount of months she can afford? explain.
Answers: 1
Mathematics, 21.06.2019 20:30
In an improper fraction, is the numerator equal to, less than, or greater than the denominator
Answers: 2
Mathematics, 21.06.2019 23:10
Use the distance formula to find the distance between (-3,5) and (3,1)
Answers: 1
You know the right answer?
Seema deposited $800 in a saving account earning 2.88% compounded annually. To the nearest cent, how...
Questions
Physics, 28.10.2020 23:30
Mathematics, 28.10.2020 23:30
Arts, 28.10.2020 23:30
Mathematics, 28.10.2020 23:30
English, 28.10.2020 23:30
Mathematics, 28.10.2020 23:30
English, 28.10.2020 23:30
