![xaiverrodriguez](/avatars/2685.jpg)
xaiverrodriguez
07.06.2020 •
Mathematics
Starting with $5,000, you invest in an account that pays 2% APR, compounded quarterly, and plan to leave the money there and not touch it for at least 12 years. How much MORE money would you have after 12 years if the interest had been compounded continuously instead? Round to the nearest cent.
Solved
Show answers
More tips
- A Animals and plants 10 Tips for Growing Delicious and High-Quality Tomatoes in Your Garden...
- S Science and Technology Colliders: How They Work and Why They Matter...
- S Science and Technology Exploring Our Galaxy: How Many Planets are in the Milky Way?...
- W Work and Career Everything You Need to Know About MBA Programs...
- B Business and Finance What is the Difference Between Visa and Visa Gold?...
- C Computers and Internet The Twitter Phenomenon: What it is and How to Use it...
- S Sport When and Where Will the 2014 World Cup be Held?...
- S Sport When is the Champions League final?...
- C Construction and repair How to Choose the Best Underfloor Heating?...
- A Animals and plants How ants survive winter: exploring the secrets of their winter life...
Answers on questions: Mathematics
- M Mathematics Suppose that R(x) is a polynomial of degree 8 whose coefficients are real numbers. Also, suppose that R(x) has the following zeros.-4, 6, 8, -1-4i...
- A Advanced Placement (AP) a visit of charity what does marian do at the end of a visit to charity ? a.) promises to visit the woman again. b.) asks for her potted plant back. c.) sits on the front...
- E English Identify the words that best describe the caps word(s) in the sentence 1.) grandmother gave carlos and tina a new pet last month. a direct object b predicate adjective c...
- M Mathematics Whattt reallyyyyyyyyyy woww...
- M Mathematics Simplify: -3(n+3) - 10(8n + 9)...
- S Spanish Please help asap, thanks! :]...
Ответ:
$1,352.5
Step-by-step explanation:
A=p(1+r/n)^nt
Where,
P=principal
r=interest rate
n=no of periods
t=time
P=$5,000
r=2%
n=4
t=12
A=5000(1+0.02/4)^4*12
=5000(1+0.005)^48
=5000(1.005)^48
=5000(1.2705)
=$6,352.5
How much more money after 12 years
=$6,352.5-$5000
=$1,352.5
Ответ:
please mark other person brainliest
Step-by-step explanation: