0.593 x 10^-4
Explanation:
At the time of her grandson's birth, a grandmother deposits $12,000.00 in an account that pays 2% compound monthly. What will be that value of the account at the child's twenty-first birthday, assuming that no other deposits or withdrawls are made during the period.
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A(t) = P(1+(r/n))^(nt)
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A(21) = 12000(1+(0.02/12))^(12*21)
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A(21) = 12000(1.5214)
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A(21) = #18,257.15
You would take 12 X 20, and that equals 240. $120 is your answer.
Answer:
9.5 = n
Step-by-step explanation:
6.5 = -3 + n
+3 +3 Add 3 to both sides
9.5 = n
If this answer is correct, please make me Brainliest!