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
bagirrra123 [75]
3 years ago
15

What is the future value of an account if $3,000 is invested at a rate of 8% compounded monthly

Mathematics
1 answer:
Hatshy [7]3 years ago
4 0

Answer:

≈$12601.72

Step-by-step explanation:

Use the compounded interest formula:

A = P(1+\frac{r}{n})^{nt}

In our case,

P = 3000

r = 8% = 0.08

n = 12 (months per year)

t = 18 (years in total)

Therefore, A ≈ $12601.72 (2.d.p.)

You might be interested in
Which expression represents 3 more than 2x
andrey2020 [161]
The answer would have to be 3+2x
4 0
3 years ago
In 2007 the u.s population was 302 million people. In 2012 it was 314 million people. What was the rate of population change per
Dovator [93]
There is a five year difference and and a 12 million people difference so if you divide 12 million by 5 you get the answer 2,400,000 per year increase in population
3 0
3 years ago
Read 2 more answers
Dave buys a baseball catchers equipment for $295. The tax rate is 7.9%. How much tax did Dave pay? Round your answer to the near
Liono4ka [1.6K]

Answer:

23.31

Step-by-step explanation:

7 0
3 years ago
Subtract 52.35 − 1.58 = ______
BigorU [14]

Answer:

50.77

Step-by-step explanation:

just subtract

8 0
4 years ago
Tan (tt/2) =. i neeed help baddddd
Effectus [21]

Answer:

D: Undefined

Step-by-step explanation:

You can use the unit circle or your calc for this (don't forget to put it in radians!). I will use the unit circle to explain.

Tangent on the unit circle is on the xy lines themselves. tan (π/2) would be on the positive y axis. Remember that tan∅ is <em>sin∅/cos∅</em> and that the unit circle's radius is always one. If that is the case, the coordinate for tan (π/2) would be (0, 1). If cos is always x and sin is always y, you plug it in for tan∅. The fraction 1/0 is undefined, since you can't divide anything by 0. Therefore, tan (π/2) is undefined.

4 0
4 years ago
Other questions:
  • Does anyone know this?
    9·1 answer
  • Liliana takes 4 breaths per 10 seconds during yoga. At this rate, about how many breaths would Liliana Take in 2 minutes of yoga
    10·2 answers
  • What are greatest common factors for 49b^6 and 28b^5
    7·1 answer
  • Slopes, y-intercepts, (&amp; points)
    9·1 answer
  • Plsss Urgent !! A container at the petting zoo holds 8138.88 cubic centimeters of grain. Visitors can fill paper cones with grai
    10·2 answers
  • Pls answer it very fast
    12·2 answers
  • An element with a mass of 810 grams decays by 29.3% per minute. To the nearest minute, how long will it be until there are 10 gr
    8·1 answer
  • 9<br>Reduce to its lowest term.<br>36/100​
    14·1 answer
  • Select the correct answer. A polynomial function has x-intercepts at -2, 1/2, and 2 and a relative maximum at x=-1. Which graph
    7·1 answer
  • Two angles across from each other at and intersection of two lines are called ?
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!