3 years ago

Banking question please help

Mathematics

2 answers:

iogann1982 [59]3 years ago

8 0

Answer: So 11 is $14560.63

Step-by-step explanation: Using the continously compounded interest equation and keep in mind that monthly for 4 years is 48 months so thats rate of time and 5.2% is 0.052 as a number

satela [25.4K]3 years ago

3 0

Answer:

Step-by-step explanation:

11. $A=1200(1+\frac{0.052}{12} )^{48}$

=$ 1476.79(nearest cent)

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