trashcanmichell trashcanmichell
  • 03-05-2017
  • Mathematics
contestada

An investment of $8,350 earns 5.2% interest compounded monthly over 10 years. Approximately how much interest is earned on the investment?

Respuesta :

wolf1728
wolf1728 wolf1728
  • 07-05-2017
Total = Principal * (1 + rate/n)^years*n
where n is the number of compounding periods per year
Total = 8,350 * (1 + .052 / 12)^120
Total = 8,350 * (1.0043333333)^120
Total = 8,350 * 1.6801390765
Total = 14,029.16


Answer Link
alexismills83
alexismills83 alexismills83
  • 09-11-2021

Answer:

c

Step-by-step explanation:

Answer Link

Otras preguntas

why did Enlightenment considered a turning point in the world history​
which situations are modeled by linear functionspt.1​
plz help asap not very good @ math
Please help for one easy geometry question. PLEASE
What is the meaning of create a preferential how this voting system works
Can you plz help me with this problem I’ve been stuck on it for a long time
PLEASE HELP!!! The height of a triangle is twice the length of its base. The area of the triangle is 50 meters. Find the height and base to the nearest tenth of
The image depicts????????
why did people call Jackson a war hero
which choice is equivalent to the quotient shown here when x > 0