4.) You plan to start making a series of deposits of $3,000 a year for 6 years. How much will you have after 6 years if your acc

Question

Lapatulllka [165]

2 years ago

12

4.) You plan to start making a series of deposits of $3,000 a year for 6 years. How much will you have after 6 years if your acc

ount has an annual interest rate of 6%?

Mathematics

1 answer:

stich3 [128] · Answer 1 · 2022-05-24T03:00:56+03:00

Answer:16,920

Step-by-step explanation:

first convert 6% to a decimal by moving the decimal point two times to the left. then multiply 3,000 by 0.06 which will equal 180 for one year. you then multiply 180 by 6 and get 1080. after you multiply 3000 by 6 which is 18000. subtract 1,080 from 18000 and you’ll get 16920