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kati45 [8]
3 years ago
8

John deposited $2,000, at the end of every month for 2 years in a savings account. if the account paid 6% interest, compounded m

onthly, use table 12-1 from your text to find the future value of his account.
Business
1 answer:
lesya692 [45]3 years ago
4 0
Using the table that is included in the question you will now the answer by looking at the table. The formula to calculate the future value of this account is Pn = P0(1 + r)^n, Pn is the future value of P0, P0 is the original amount invested, r is the rate of interest and n is the number of coumpoundinf periods such as months. The answer in this question is $50,863.92
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Dafna1 [17]

Answer:

The Texas Railroad Commission

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1. Which of the following is an example of a SOCIAL influence on consumers
AveGali [126]

Answer:

reference groups

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6 0
3 years ago
On December 1, the Accounts Receivable account had a $5,000 balance. The business received $400 during the month from its charge
alex41 [277]

Answer:

$4,600 debit balance

Explanation:

Provided that

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7 0
2 years ago
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MrRissso [65]

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4 0
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