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Rom4ik [11]
3 years ago
12

lemme just vent real quick. i do flvs. im almost a straight A student. for the most part. i've litterly been doing this flvs mat

h exam all day. 2 parts btw. i flunked the first one, and i got a 50. im just dying too see what i get now. ive already asked like 3 questions on here, but they havent been answered. feel free to go look at them. if you've read this far, go get some points. :D thanks for reading.
Mathematics
2 answers:
Vinvika [58]3 years ago
8 0

Answer:

ok. i will try to answer them my best

Step-by-step explanation:

thank you for free points though. may god bless you

diamong [38]3 years ago
4 0

Answer:

I'll go help, i need to answer at least 25 questions in 48 hours anyways too

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Nancy has $4,111 in an account that pays 3.07% interest compounded monthly. What is her
soldier1979 [14.2K]

Answer:

Ending balance after 2 years=$4,370.98

Step-by-step explanation:

To calculate her ending balance after two years, we need to get the express the total amount as follows;

A=P(1+r/n)^nt

where;

A=Total future value of the initial investment

P=Initial value of the investment

r=Annual interest rate

n=number times the interest rate is compounded annually

t=number of years of the investment

In our case;

P=$4,111

r=3.07%=3.07/100=0.0307

n=12

t=2 years

Replacing;

A=4,111(1+0.0307/12)^(12×2)

A=4,111(1.0026)^24

A=4,370.98

Ending balance after 2 years=$4,370.98

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