Suppose Annabelle decides to not get a car after all. Instead, she plans to invest the $200 each month into a structured
2 answers:
Answer:
The amount is $239.43
Step-by-step explanation:
The amount she will earn after 5 years is given by
A= p(1+r/n)^(nt)
P = $200
r = 0.036
n = 12*5 = 60
t = 5
A= 200(1+0.036/60)^(300)
A= 200(1+0.0006)^(300)
A= 200(1.0006)^300
A= 200(1.19715)
A= 239.43
The amount is $239.43
Answer:
She will earn $1,126.32 from interest.
Step-by-step explanation:
I did it on edmentum and this was the right answer
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Hope this helps!
He would make a total of $800