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masha68 [24]
3 years ago
14

Congratulations! You were the 10th caller on the KMTH morning show and you just won $10,000. After you calm down, you decide to

put the money into a bank account so that you will have even more money for a trip to Europe. Snurling Bank tells you that they will pay 8% per year compounded monthly. How much money will you have for your trip in 9 years.

Mathematics
1 answer:
Dmitrij [34]3 years ago
3 0

Answer:

You will have $20,495.30

Step-by-step explanation:

If interest is compounded yearly, then n = 1; if semi-annually, then n = 2; quarterly, then n = 4; monthly, then n = 12; weekly, then n = 52; daily, then n = 365; and so forth, regardless of the number of years involved.

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The sum of the interior angles of a triangle is 180 degrees.
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3 years ago
Suppose that $1200 is invested at 612%, compounded quarterly. How much is in the account at the end of 5 years?
asambeis [7]

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we know that    

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DEF is a right angle

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