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Advocard [28]
3 years ago
6

Help I’m doing 8th grade work

Mathematics
1 answer:
azamat3 years ago
3 0

Answer:

I think B by I'm not sure

Step-by-step explanation:

I'm not good with this subject

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An engineer deposits $2,000 per month for four years at a rate of 24% per year, compounded semi-annually. How much will he be ab
Alex17521 [72]

The amount of money he will be able to withdraw after 10 years after his last deposit is $926,400.

<h3>Compound interest</h3>

  • Principal, P = $2,000 × 12 × 4

= $96,000

  • Time, t = 10 years
  • Interest rate, r = 24% = 0.24
  • Number of periods, n = 2

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

= $96,000( 1 + 0.24/2)^(2×10)

= 96,000 (1 + 0.12)^20

= 96,000(1.12)^20

= 96,000(9.65)

= $926,400

Therefore, the amount of money he will be able to withdraw after 10 years after his last deposit is $926,400

Learn more about compound interest:

brainly.com/question/24924853

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A basketball court is 150 feet from the net to net how many yards make up a basketball court
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I believe you just multiply 150x3 and get 450

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