Twyla puts $1000 in a saving account that pays 4% interest, compounded monthly. How much money will in the account 11 years late
r if she makes no more deposits?
1 answer:
Answer:
$1551.57
Step-by-step explanation:
Each month, the account balance is multiplied by 1+.04/12, so after 132 months, it will be ...
$1000×(1 +.04/12)^132 ≈ $1551.57
You might be interested in
Answer:
lateral surface area bottom part area
Answer:
20
Step-by-step explanation:
Answer:
y = 1/6x + 7/3
Step-by-step explanation:
(-2 ,2) and (-8, 1)
Slope=(1-2)/(-8- - 2) = (-1/-6) = 1/6
b = 2 - (1/6)(-2) = 2 - 2/6 = 2 - 1/3 = 7/3
Answer:
11.4
Step-by-step explanation:
