Mathematics, 16.07.2020 22:01 dilu76

how much would $100 invested at 6% interest compounded monthly be worth after 20 years? Round your answer to the nearest cent a(t)=p(1+r/n)^nt

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Answer from: ethanw8973

Amount after 12 years is $205.42

Step-by-step explanation:

Fibal amount a is not given and to be found

Principal amount p = $100

Rate r = 6% ° 0.06

Years t = 20

Number if times computed n = 20*12

n = 240

a(t)=p(1+r/n)^nt

a = 100(1+0.06/240)^(240*12)

a = 100(1+0.00025)^(2880)

a= 100(1.00025)^2880

a= 100(2.054248)

a= 205.4248

To the nearest cent

a =$ 205.42

Amount after 12 years is $205.42

Answer from: Quest

This is what i found “an explicit formula designates the nth term of the sequence, as an expression of n (where n = the term's location). it defines the sequence as a formula in terms of n. this example is an arithmetic sequence(the same number, 5, is added to each term to get to the next term).” i hope this you for what your looking for. can you plz mark me brainliest?

Answer from: Quest

the most boring ever written

step-by-step explanation:

i am writing something. yes, i plan to make it the most boring thing ever written. i go to the store. a car is parked. many cars are parked or moving. some are blue. some are tan. they have windows. in the store, there are items for sale. these include such things as soap, detergent, magazines, and lettuce. you can enhance your life with these products. soap can be used for bathing, be it in a bathtub or in a shower. apply the soap to your body and rinse. detergent is used to wash clothes. place your dirty clothes into a washing machine and add some detergent as directed on the box. select the appropriate settings on your washing machine and you should be ready to begin. magazines are stapled reading material made with glossy paper, and they cover a wide variety of topics, ranging from news and politics to business and stock market information. some magazines are concerned with more recreational topics, like sports card collecting or different kinds of hairstyles. lettuce is a vegetable.

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