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Gennadij [26K]
3 years ago
15

You want to save for a brand-new car. You put the $5,000 your Grandma gave you when you graduated in an account that pays 6% int

erest and is compounded monthly. How much will you have at the end of five years?
Mathematics
1 answer:
baherus [9]3 years ago
5 0

Answer:

Balance at the end of 5 years: $7,346.64

Step-by-step explanation:

A = P(1+r/n)nt

Principal: 5,000

Rate of Interest: 6%

Number of Times, Compounded In A Year: 12

Year: 5 years

A = 5,000(1+1.06/12)^5

A = 5,000(1.08)^5

A = 7346.64

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The only method by which the provided graph may be converted to the coordinates specified in the problem is;

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4 0
1 year ago
A baker uses 20 cups of flour to make 4 loves of bread. Use this to solve the question in the picture!
mariarad [96]

Answer:

60 cups of flour

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7 0
3 years ago
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Answer:

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Step-by-step explanation:

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7 0
2 years ago
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Answer:

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Step-by-step explanation:

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