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AlexFokin [52]
4 years ago
6

Suppose that you invest 5873 in an account that earns an interest rate of 4.4% compounded monthly determine the accumulated bala

nce after 7 years
Mathematics
1 answer:
maksim [4K]4 years ago
7 0
Present value, P = 5873
interest rate, i = 4.4%/12 = 0.044/12 per month
Number of periods, n = 7*12 = 84 months.

Future value
F=P(1+i)^n
=5873(1+0.044/12)^{84}
=7986.90   to the nearest cent

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Oksana_A [137]

Answer:

I believe the answer is six-hundred thousand (600000). That's if I read your question right. I'm not sure what you were asking exactly.

Step-by-step explanation:

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3 years ago
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Given:

First side(A): 2B - 7

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B = 83/4, so you can either write B as 83/4 or as 20.75.

Checking your work:

A: 2(20.75) - 7 = 34.5

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C: 4 + 20.75 = 24.75

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Hope this helped.

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3 years ago
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3 years ago
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3 years ago
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