Answer:
$12,709
Step-by-step explanation:
P = $10,000
r = 3% = 0.03
t = 8 Years
n = Compounded Monthly = 12
A = P [1 + (r / n)]^nt
A = $10,000 [1 + (0.03 / 12)]¹² ˣ ⁸
A = $10,000 [1 + 0.0025]⁹⁶
A = $10,000 [1.0025]⁹⁶
A = $10,000 x 1.270868
A = $12,709
Answer:
1 and 2/10
Step-by-step explanation:
8.5
-
1.00 + 2.50 + 2.50 + 2.50 = 8.5
Find the common denominator
Answer:
$41269.983
rounded:
$41,269.98
Step-by-step explanation:
well you begin with the equation a=p(1+r/n)
so 30,000(1+0.08/12)to the power of 4 times 12
when you plug all of that in a calculator your receive $41269.983