1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
mr Goodwill [35]
3 years ago
5

if $240 is invested at an interest rate of 9% per year and is compounded monthly, how much will the investment be worth in 14 ye

ars?
Mathematics
1 answer:
mote1985 [20]3 years ago
3 0
The formula is
A=p (1+r/k)^kt
A future value?
P present value 240
R interest rate 0.09
K compounded monthly 12
T time 14 years
A=240×(1+0.09÷12)^(12×14)
A=842.13
You might be interested in
need answers to this asap. I am a multiple of 70. I'm between 300 and 500. I'm 20 more than a 100. who am I
Jlenok [28]
Im not 100% sure but I would say 420
5 0
3 years ago
Read 2 more answers
Which is more less -300 or -23
Ket [755]

Answer:

-300

Step-by-step explanation:

because is in the negative and is a number bigger than 23 but in negative.

3 0
3 years ago
What's 4+8*2(1+3)=??
Assoli18 [71]

Answer:

Step-by-step explanation:first:4+8 then 12*2 after:24+4

7 0
3 years ago
A bag contains 40 cards numbered 1 through 40 that are either red or blue. A card is drawn at random and placed back in the bag.
Oksana_A [137]

Answer:

Step-by-step explanation:

Given that a bag contains 40 cards numbered 1 through 40 that are either red or blue. A card is drawn at random and placed back in the bag.

This is done four times. Two red cards are drawn, numbered 31 and 19, and two blue cards are drawn, numbered 22 and 7.

From the above we cannot conclude that red cards and even numbers are mutually exclusive

Just drawing two red cards and because the two happen to be odd we cannot generalize the red cards have odd numbers.

This might have occurred due to simple chance from a comparatively large number of 40 cards.

Suppose say we have red cards 20, and 19 red 1 blue.

Then drawing 2 from 19 red cards have more probability and this can occur by chance.

So friend's conclusion is wrong.

5 0
3 years ago
This is writing an expression for the perimeter! Explain how you got your answer.
Kisachek [45]
Hey

périmètre = 2 ( x + 2 x - 5)  = 2 x + 4 x - 10 = 6 x - 10 
3 0
3 years ago
Other questions:
  • A Ship travels at a steady Speed.
    9·1 answer
  • Candace bought three shirts each cost the same amount and discounted by three dollars and 66 cent Candace paid a total of 62.31
    5·1 answer
  • Pls help I’m stuck on it
    15·2 answers
  • Plz answer this question...
    15·1 answer
  • This is my question<br> (-4b^3)(2b^5
    10·1 answer
  • What is the Rate of change?
    8·1 answer
  • Solve for the indicated angle to the nearest tenth of a degree.<br> o<br> 18<br> 25
    5·1 answer
  • A={1, 2, 3, 4, 5} e B = {2, 3, 7}, determine o conjunto A - B, ou seja, os elementos que pertencem somente a A e não a B .
    8·1 answer
  • Which equation represents a linear function rule for the following set of ordered pairs?
    10·1 answer
  • O
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!