The amount of money in the account after 10 years is $278,814.10.
<h3>What will be the value of the account after 10 years?</h3>
The first step is to determine the amount she has left to invest.
Amount invested = amount won - amount spent on vacation
$250,000 - $10,000 = $240,000
The second step is to determine the future value of the account. The formula for calculating future value:
FV = P (1 + r)^nm
- FV = Future value
- P = Present value
- R = interest rate = 1/5/12 = 0.125%
- m = number of compounding =12
- N = number of years
240,000 x 1.00125^(12 x10) = $278,814.10
To learn more about future value, please check: brainly.com/question/18760477
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Lwh/ 3 so its B. 120 ft ^3
C the bank will exchange his new car for a old one
Answer:
truee
Step-by-step explanation:
i had this answer on my test and if i dont get it right sorry
The numerator and denominator can be divided by 4 to get 12/25.
48 / 4 = 12
100 / 4 = 25
