Ask question

Ask question

All categories

Dmitry_Shevchenko [17]

3 years ago

11

How much would $100 invested at 8% interest compounded monthly be worth after 6 years? Round your answer to the nearest cent. Do

not include units in your answer.

1 answer:

Neko [114]3 years ago

4 0

<span><span>FV = $100*(e^rt)
FV = $100*e^(0.08*6)
FV = $100*e^0.48
FV = $100*1.616
FV = $161.6</span><span>
</span></span>

You might be interested in

Mr. Barnes hired a plumber to fix a leak. The total cost, in dollars, that the plumber charges for a job can be modeled by the f

xenn [34]

After 5 hrs not exactly 5 hrs because that’s exactly his limit

3 0

3 years ago

Milan makes dollars for each hour of work. Write an equation to represent his total pay after working hours.

swat32

Answer:

p=9h

Step-by-step explanation:

7 0

4 years ago

B) Find the value of 2^-3 x 3^-2

jekas [21]

Answer:

1/72

Step-by-step explanation:

2^-3 = 1/2^3 = 1/8

3^-2 = 1/3^2 = 1/9

1/8 x 1/9 = 1/72

7 0

3 years ago

Read 2 more answers

1(4 – 22); 2 – 2x<br><br> I don’t get this question can someone help me

sertanlavr [38]

Answer:

i dont know if this is what u wanted but it wasn't really specified

Step-by-step explanation:

1(4 – 22); 2 – 2x

simplified:

−18;−2x+2

8 0

3 years ago

Triangle ABC is dilated with a scale factor of 3. The corresponding sides of the image will be: A. Congruent B. 3 times as big.

vazorg [7]

Answer:

B

Step-by-step explanation:

When dilated with an x scale factor, the corresponding sides are always x times bigger.

3 0

3 years ago