Mathematics, 28.05.2021 18:30 bethanybowers4986

PLEASE HELP ME WITH THIS QUESTION 1) A person invests $500 in an account that earns a nominal yearly interest rate of 4%. How much will the account be worth in 10 years if the compounding frequency is once per year? Round your answer to the nearest cent.

Formula: At=P(1+r)^t

Answers: 3

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PLEASE HELP ME WITH THIS QUESTION 1) A person invests $500 in an account that earns a nominal yearly interest rate of 4%. How much will the account be worth in 10 years if the compounding frequency is once per year? Round your answer to the nearest cent. Formula: At=P(1+r)^t

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Another question on Mathematics

PLEASE HELP ME WITH THIS QUESTION 1) A person invests $500 in an account that earns a nominal yearly interest rate of 4%. How much will the account be worth in 10 years if the compounding frequency is once per year? Round your answer to the nearest cent.

Formula: At=P(1+r)^t