The value is $400 invested at 4% interest compounded monthly for 10 years.
1 answer:
The equation for interest is
'Initial amount (interest rate in decimal form) ^ times compounded EX: years'
your equation would be
400(1.04)^10
which equals 592.097713 (not rounded)
You might be interested in
Answer:
y=2/5x+2
slope: 2/5
y=-1/4x+4
y-intercept: 4
Step-by-step explanation
The equation for slope-intercept form is y=mx+b.
m=the slope
b= the y-intercept
Answer:
4
Step-by-step explanation:
Answer:
D is the answers for the question
Step-by-step explanation:
please mark me as brainlest
Answer:
1=5
2=1
3= 4
4=3
5=6
6=5
Step-by-step explanation:
