Dave will have $12,728 after 15 years, if he has $8000 to invest for 15 years. He finds a bank that offers an interest rate of 3.1% compounded monthly.
Step-by-step explanation:
The given is,
Investment = $ 8000
No. of years = 15 years
Interest rate, i = 3.1 %
( compounded monthly )
Step:1
For for calculating future value with compound interest monthly,
.................(1)
Where,
A = Future amount
P = Initial investment
r = Rate of interest
n = Number of compounding in a year
t = Time period
Step:2
From given values,
P = $8000
r = 3.1%
t = 15 years
n = 12 ( for monthly)
Equation (1) becomes,





A = $ 12728.48
Result:
Dave will have $12,728 after 15 years, if he has $8000 to invest for 15 years. He finds a bank that offers an interest rate of 3.1% compounded monthly.
1cm = 16km
1cm • x = 23.1cm
x = 23.1
16km • 23.1 = 369.6km
The real distance is 369.6km.
Answer:
67 degrees
Step-by-step explanation:
in parallelograms, the diagonally opposite corner is most always the same degree.
Answer:
Step-by-step explanation:
1) 8
2) ?
3) g=7
4) v=6
5)x=-4
6) p=8
now #2 i havent learnd yet but all the others. EASYYYYY i love math just choose me if you are having troubles in algebra at all i got you bro <3