![andreal7915](/avatars/6633.jpg)
andreal7915
17.02.2021 •
Mathematics
svelana put $110.00 in a bank account that gains 50% interest annually how much interest will be accumulated in a year
Solved
Show answers
More tips
- L Leisure and Entertainment Choosing the Right Books to Read: Tips and Recommendations...
- L Leisure and Entertainment What can be considered an antique: defining and valuing old objects...
- B Business and Finance How to Open an Online Store? A Detailed Guide for Beginners...
- C Computers and Internet Log-in: what is it and why do you need it?...
- C Computers and Internet What is the Meaning of lol and How Did it Become Popular?...
- C Computers and Internet Clearing Cache: How to Speed Up Your Browser...
- H Health and Medicine How to Help Men Gain Weight?...
- F Family and Home How to Build a Strong Relationship with Your Child: Tips for Effective Communication...
- L Legal consultation Juvenile Justice: Who Needs It?...
- F Food and Cooking What age is appropriate for giving your child cocoa?...
Answers on questions: Mathematics
- M Mathematics 8sin2x.cos2x.cos4x=√2...
- M Mathematics I’ll mark brainliest!!...
- M Mathematics Please help ASAP ASAP please please help please please...
- H History The American marketing association is not concerned with ethics because company values are to varled to draw up general principles. True. False...
- H History What was the primary reason the allies is sleeping in 1944...
- M Mathematics If T= 101+102+103+...+199 find T...
Ответ:
Ответ:
FV= $242,731.14
Step-by-step explanation:
Giving the following information:
Annual investment (A)= $755
Number of periods (n)= 23*12= 276 months
Interest rate (i)= 0.013/12= 0.0010833
To calculate the future value, we need to use the following formula:
FV= {A*[(1+i)^n-1]}/i
A= monthly deposit
FV= {755*[(1.0010833^276) - 1]} / 0.0010833
FV= $242,731.14