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Marizza181 [45]
3 years ago
15

Compare investing ​$2750 at 5​% compounded monthly for 16 years with investing ​$2750 at 6​% compounded monthly for 16 years. Fi

nal amount after investing 5%
Mathematics
1 answer:
Degger [83]3 years ago
3 0

Answer:

Hola!! here is a tutor website that can help you answer some questions for any subject:

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Step-by-step explanation:

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What is the answer show work -15 + n = -27
tangare [24]
<span>-15 + n = -27
Add 15 to both sides so that the only thing remaining on one side is the variable n.
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8 0
3 years ago
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Sam invests $800 at 6%/a compounded annually for 5 years. What is the total interest<br> earned?
s2008m [1.1K]
<h3>Answer:    270.58 dollars</h3>

======================================================

Work Shown:

  • A = account value after t years
  • P = principal or amount deposited = 800
  • r = interest rate in decimal form = 0.06
  • n = number of times we compound per year = 1
  • t = number of years = 5

So,

A = P*(1+r/n)^(n*t)

A = 800*(1+0.06/1)^(1*5)

A = 1070.58046208

A = 1070.58

After five years, the account will have $1,070.58 in it.

The amount of interest earned is A-P = 1070.58 - 800 = 270.58 dollars.

4 0
2 years ago
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