Answer:
$87.23.
Step-by-step explanation:
We are asked to find the amount after 4 years compounded monthly at the rate of 2.8% APR.
We will use compound interest formula to solve our given problem.
, where,
A = Final amount after T years,
P = Principal amount,
r = Interest rate in decimal form,
n = Number of times interest is compounded per year.
T = Time in years.
Let us convert our given rate in decimal form.

Upon substituting our given values in compound interest formula we will get,




Therefore, we will have $87.23 in the account after 4 years.
Answer:
I don't get it. Sorry
Step-by-step explanation:
Answer:
Please, see the attached files.
Step-by-step explanation:
Please, see the attached files.
Thanks.
Answer:
B
it goes down by $16,000 in that time frame
Answer:
o.2m.
s=av/t where av= average speed and s= speed and t= time