You will have $5,525.39 after 5 years.
Because the interest is compounded monthly, you need to convert the interest rate and the term of investment to a monthly basis.
Monthly interest = 2% / 12 = 2/12%
Term of investment = 5 x 12 = 60 months
To find the amount you will have in 5 years, use the formula:
<em>Future value = Amount * ( 1 + interest) ^ term of investment </em>
= 5,000 x ( 1 + 2/12%)⁶⁰
= $5,525.39
In conclusion, your investment will have compounded to $5,525.39 in 5 years.
<em>Find out more at brainly.com/question/3473483.</em>
Step-by-step explanation:
Tn= a+(n-1)d
= 123 +(70-1)7
=123+(69)7
=123+483
=606 answer
The answer is D. The height gets very small
Answer:
90 millimeters
Step-by-step explanation:
multiply the length value by 10
So according to the question statements
6% of the $40k and 7$ of the second $40k and 9% ammount of the $80k
the answer would be
40000 * 0.06
+ 40000 * 0.07
+ 25000 * 0.09
= 270250
