Find principle amount that will grow to $25,000 if interest is 3.2% compounded monthly for 3 years?
2 answers:
Answer:
$260,416
Step-by-step explanation:
$25,000/(0.032*3)= $260,416
Answer:
$22745 for the initial principal
Step-by-step explanation:
For compound interest for 3 years
P (principal) x (1 + r (interest rate))³ = 25000
P = 25000 / (1 + 0.032)³ = 22745
You might be interested in
Answer:
y
=
3
√
−
2
a
x
y
=
−
3
√
−
2
a
x
Step-by-step explanation:
Answer:
Hope this solution helps you
1 3/7 ~ One and three sevenths
we have
we know that
so
the answer is in thousandths, because the denominator of the multiplication of the two fractions is one thousand
Answer:
15 meters
Step-by-step explanation:
One side is 2.5 meters, so if they're all the same then you would multiply that by 6
