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]
2 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]2 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
Your teacher asked you to represent 3 more than 8 multiplied by a number t as an expression. You wrote 3 + 8t, and your friend w
Leni [432]

Both answers are not the same. You are correct and your friend is wrong. The situation your teacher gave could have only one other interpretation that would be acceptable and that would be 8t+3 because it is the same number just in a different order.

3 0
3 years ago
PLZ HELP ME PLZ I NEED THUS NOW ITS DUE IN A FEW MORE MINUTES PLZ HELP
AysviL [449]

Answer:

5. independent variable hours (h); dependent variable; total cost

6. t= 10h + $4.50

Step-by-step explanation:

The final result in dependent on how many hours he uses the boat.

4 0
3 years ago
erin is taking part in a play at the community theater the cast and crew ordered T-shirts for all the volunteers the cost of a t
pochemuha

Answer:

The answer is the second one because it is less than or equal to 35

3 0
3 years ago
Liz and Alana each participate in the home that jump at the track meet Liz’s high jump was 1 meter Alana’s high jump was 132 cen
brilliants [131]
1 meter is 100 centimeters, therefore Alana jumped higher by 32 centimeters.
132-100=32
7 0
3 years ago
K^5/6<br> Verbal expression
fenix001 [56]

Answer:

The quotient of a number to the fifth power and six.

Step-by-step explanation:

Step 1: Convert k⁵ into words

k⁵ = a number to the fifth power

Step 2: Convert / into words

/ = quotient

Step 3: Convert 6 into words

6 = six

Step 4: Combine

The quotient of a number to the fifth power and six.

3 0
2 years ago
Other questions:
  • At the beginning of an experiment, there are 400 grams of contaminants. Each hour, three-fourths of the contaminants are filtere
    13·2 answers
  • Which of the following best describes the squaring property of equality?
    6·1 answer
  • Which of the following equations describe the line shown below? 
    12·1 answer
  • Find the midpoint of the line segment with the given endpoints (-4, 3) and ( 10,7)
    9·1 answer
  • What is the perimeter of a lawn that is 25 feet long and 20 feet wide?
    13·2 answers
  • PLZ PLZ PLZ PLZ hurry
    6·2 answers
  • The figure below shows a shaded circular region inside a larger circle:
    6·1 answer
  • Adult tickets for the movie theater cost $9. Child tickets cost $5.25. Write an expression for the total cost of a group of adul
    8·1 answer
  • Two geometry questions, please help.
    15·1 answer
  • Please need help please ,
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!