Find the amount of money in the account after 6 years at 4% APR compounded monthly if $18000 were inititally deposited

Mathematics

2 answers:

ANTONII [103]3 years ago

5 0

Answer:

A = 22,775

Step-by-step explanation:

A = amount after 6 years

P = 18,000

r = 4% (in decimal = 0.04)

t = 6 years

A = 18,000 ( 1 + 0.04)^6

A = 22,775

harkovskaia [24]3 years ago

4 0

Answer:

22,873.35

Step-by-step explanation:

A=p+I where P(principal) = 18,000

I(interest) = 4,873.35

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Jet001 [13]

Answer:

$-\frac34 -\frac14 i$

Step-by-step explanation:

Let's start with distributing: $\frac1{4i}-\frac{3i}{4i}$ Simplify i with i in the second term, and rearrange. $-\frac34 +\frac1{4i}$ . Since i in the denominator looks ugly, let's multiply top and bottom by i. $-\frac34 +\frac i{4i^2} = -\frac34 +\frac i{4(-1)} =-\frac34 -\frac14 i$ . The middle passage is based on the fact that, by definition, $i^2=-1$