Suppose $1000 is invested at a rate of 13% per year compounded monthly. (Round your answers to the nearest cent.)
(a) Find the principal after 1 month.
$

(b) Find the principal after 6 months.
$

(c) Find the principal after 1 year.
$

(d) Find the principal after 20 years.
$

a.  $1010.83

b.$1066.77

c. $1138.00

d.$13,269.22

Step-by-step explanation:

Given the annual rate as 13%(compounded monthly) and the principal amount as $1000.

a. #first we calculate the effective annual rate;

The compounded amount after 1 month is therefore:

Hence, the principle after one month is $1010.83

b. The principal after 6 months:

-From a above we have the effective annual rate as 0.1380 and our time is 6 months:

Hence,  the principal after 6 months is $1066.77

c.The principal after 1 year:

-From a above we have the effective annual rate as 0.1380 and our time is 12 months:

Hence,  the principal after 1 year is $1138.00

d. The principal after 20years:

-From a above we have the effective annual rate as 0.1380 and our time is 20yrs:

Hence,  the principal after 20 years is $13,269.22

step-by-step explanation:

it's 15

from the figure we get,

the x axis shows   the months and,

the y-axis shows the number of satisfied customer.

each line or each cell in upward direction (y-axis) shows 500.

the appropriate scale for the y - axis is: -

a = 2000 customers

b = 4000 customers

c = 6000 customers

d = 8000 customers

e = 10000 customers

f = 12000 customers

g = 14000 customers