1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
jeyben [28]
3 years ago
7

Suppose that $575.75 is invested in a savings account with an APR of 12% compounded monthly. What is the future value of the acc

ount in 5 years?
Mathematics
1 answer:
SOVA2 [1]3 years ago
7 0

Answer:

FV= $1,045.96

Step-by-step explanation:

Giving the following information:

Initial investment (PV)= $575.75

Number of periods (n)= 15*5= 60 months

Interest rate (i)= 0.12 / 12= 0.01

<u>To calculate the future value (FV), we need to use the following formula:</u>

FV= PV*(1+i)^n

FV= 575.75*(1.01^60)

FV= $1,045.96

You might be interested in
Write the equation g(x) of the transformation of the parent graph f(x) = |x| stretched horizontally by a factor of 3.
Anni [7]

Answer:

g(x) = |1/3x|

Step-by-step explanation:

f(x) = |x|

y = f(Cx) 0 < C < 1 stretches it in the x-direction

g(x) = |1/3x|

4 0
3 years ago
Read 2 more answers
In a right triangle ABC, CD is the angle bisector of the right angle C. Two lines DF and DE are parallel to the legs of the tria
Tcecarenko [31]
<span>m∠CED = 180° − m∠DEB= 90 degrees, by reason corresponding angles of parallel lines are congruent
</span>m∠CFD = 180° − m∠AFD = 90 degrees by reason corresponding angles of parallel lines are congruent
7 0
4 years ago
12 = -2x = 4y<br> Help please
ivolga24 [154]

Answer:

x=−2y+6

Step-by-step explanation:

Step 1: Add -12 to both sides.

−2x+12+−12=4y+−12

−2x=4y−12

Step 2: Divide both sides by -2.

−2x /−2   = 4y−12/−2

x=−2y+6

6 0
3 years ago
In the similar quadrilaterals below, what is the length of AB?
Lana71 [14]

Answer:

there’s nothing there

Step-by-step explanation:

7 0
3 years ago
Which number sentence matches the question below?
Aleksandr [31]
The answer would be B. (228-89) because you are trying to find the difference.
5 0
3 years ago
Other questions:
  • a cell phone provider offers a plan that costs $30 per month plus $.20 per text message sent or received. A comparable plan cost
    10·2 answers
  • What is the 22nd term of the arithmetic series where a1=8 and a9=56?
    6·1 answer
  • −n+(−3)+3n+5 combine like terms
    15·1 answer
  • Osian was 1.5 m tall. In the last couple of years,his height has increased by 20%
    5·1 answer
  • You are building a birdhouse that will have a volume of 128 in^3. the birdhouse will have the dimensions shown
    13·1 answer
  • Wich equation can help you estimate the difference of 63,412 and 31,500
    12·1 answer
  • What's the product of -3x^3+4x-1
    12·1 answer
  • Four more than three times a number is greater than twenty-two what is the answer?
    11·1 answer
  • Do problem 1 and problem 2 please TRY and answer right Need to pass! Which value makes each equation true? Write a value for the
    9·1 answer
  • Find the valu<br> B<br> 6<br> 8<br> A<br> Х<br> D<br> 4<br> С<br> x = [?]
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!