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malfutka [58]
3 years ago
9

if $100 is deposited in an account each month for 10 years and the account earns 7% compounded monthly; how much will be in the

account after the last deposit is made?
Mathematics
1 answer:
dsp733 years ago
8 0
The compound formula is 
A = P(1+ r/n)^nt
Where A is the final amount
P is the principal (initial/starting amount)
R is the rate of interest
N is the number of times per year that the interest is compounded,
T is the time in years.

Plug each value into the equation, so you should get
A = 100(1+0.07/12)^(12)(10)

Simplify that. The answer should be...
...
...
A = $200.97
will be in the account after the last deposit is made. 
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Answer:

3 chairs

Step-by-step explanation:

1/2 is the same as 3/6

There are three 1/6 in 3/6.

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How long does it take for a train traveling 60.4 miles per hour to travel 81 miles?
Andreyy89
Distance ÷ Speed = Time

81 miles ÷ 60.4 miles per hour= 1.34 hours
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Michelle has $14 in purse in 5cent 10cent and 20cent coins. If she has an equal number of each coin type, how many coins does sh
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Read 2 more answers
Slo<br><img src="https://tex.z-dn.net/?f=%20%7Be%7D%5E%7B4%20-%207x%7D%20%20%2B%2011%20%3D%2020" id="TexFormula1" title=" {e}^{4
alukav5142 [94]

Answer:

x is about 0.26

Step-by-step explanation:

e^{4-7x}+11=20

e^{4-7x}=9

ln(e^{4-7x})=ln(9)

4-7x=ln(9)

-7x=ln(9)-4

x=\frac{ln(9)}{-7} +\frac{4}{7}

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