constance898 constance898

22-05-2021
Mathematics

contestada

You deposit $1000 in an account that pays 2% annual interest compounded quarterly. How much will you have
after 8 years?

Respuesta :

serakuyar serakuyar

22-05-2021

Answer :
1,173.04

Explanation:
Use the compound interest formula which is P(1 + r/n)^(nt) and plug in your numbers:

1000(1+0.02/4)^(4•8)

Answer Link

Otras preguntas

What is -5(2a-3b)+5(3b-2a) simplified?

Some drive letters, such as the letter ____ that is typically used with the primary hard drive, are usually consistent from computer to computer and do not chan

At the beginning of the 21st century, latino households can expect to earn __________ received by white households.

Explain why jocastas actions at the end of the third episode makes sense and are believable

The drafters of the Articles of Confederation wanted to establish strong state governments because A)the states did not want to share power with each other. B

What were two immediate effected after the attack of Pearl Harbor

What functions does the chorus serve in a typical ancient Greek play?more than one anwser A.)recite the prologue and epilogue B.)act as the main antagonist of t

Pls help asap!!! Which aspect of the Iroquois league most influenced the development of early U.S. government? A) the Iroquois league gave most tribal power to

Geometry! What describes line FI?

Create an invitation to invite the 55 delegates to the Constitutional Convention. On your invitation, explain why they need to attend. Remember, many of the sta