Mathematics, 16.04.2020 05:55 darius12318

Suppose $4000 is invested at a rate of 7% 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.
$

Answers: 1

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Suppose $4000 is invested at a rate of 7% per year compounded monthly. (Round your answers to the ne...

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More questions: Mathematics Another questions

Suppose $4000 is invested at a rate of 7% 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. $

Answers

Another question on Mathematics

Suppose $4000 is invested at a rate of 7% 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.
$