3 years ago

Annalise invested $3,300 in an account paying an interest rate of 2.8% compounded monthly. Assuming

Mathematics

1 answer:

Artist 52 [7]3 years ago

4 0

Answer:

$4,881.56

Step-by-step explanation:

The future value formula is ...

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

where principal P is invested at annual rate r compounded n times per year for t years.

You have P=3300, n=12, r=0.028, t=14, so the future value is ...

FV = $3300(1 +0.028/12)^(12·14) = $4881.56

There would be $4881.56 in the account after 14 years.

You might be interested in

Determine two numbers that multiply to 6 and add to 7

pogonyaev

Hey, let's figure this out together. :)

The answer is 1 and 6. Now we can prove that is true.

1 x 6 = 6

1 + (6) = 7

Thanks for using Brainly. :)

4 0

3 years ago

Read 2 more answers

If you were a physicist trying to determine the gravitational constant and you were able to measure the force of gravity exerted

Marat540 [252]

F = Gm1m2 / d^2

Gm1m2 = fd^2

G = fd^2 / m1m2

7 0

4 years ago

What is the correct answer? Please provide an explanation.

ryzh [129]

Answer:

A 270° rotation about point B'

Step-by-step explanation:

Rotation is clockwise so you can see that the final transformation is a rotation 270° clockwise

4 0

4 years ago

Read 2 more answers

Please Help Me With This Problem

Marysya12 [62]

Answer: i'm sure its c please give me brainlest!

8 0

3 years ago

A bag contains five red marbles, four blue marbles, and four yellow marbles. You randomly pick a marble. What is the probability

Vikentia [17]

n(s)= 5+4+4=13

n(e)= red + blue

=5+4

so, p(e) = n(e)/n(s)

p(e)= 9/13

=0.69

it's your answer

it will help.

7 0

3 years ago