nalakrad77 nalakrad77

15-01-2020
Mathematics

contestada

Find principle amount that will grow to $25,000 if interest is 3.2% compounded monthly for 3 years?

Respuesta :

chidinmakpaduwa chidinmakpaduwa

15-01-2020

Answer:

$260,416

Step-by-step explanation:

$25,000/(0.032*3)= $260,416

Answer Link

kenlingdad kenlingdad

15-01-2020

Answer:

$22745 for the initial principal

Step-by-step explanation:

For compound interest for 3 years

P (principal) x (1 + r (interest rate))³ = 25000

P = 25000 / (1 + 0.032)³ = 22745

Answer Link

Otras preguntas

Daughter is 15 years old and mom 41. How many years until the daughter is 2 times younger then mom?

help with this too plzzz

1. Why is the quadrat method useful for estimating snall populations? Explain why the same method would not be useful for counting fish populations.

Using the picture of the closed system provided, what is the mass of the system before mixing? A. it must be more than 300.23 grams B. it must be 300.23 grams C

What is the missing number? 28/64 = ?/16 pls help quickly :,)

CAN SOMEONE HELP ME PLEASE ASAP!?

HELPPP! Do you agree or disagree? with the quote shown in the picture

American citizens have a number of rights. Lucinda is an Italian citizen who has come to the United States for a one year job internship. While in the United St

What does it mean if an experiment is replicable?

Why does Martin Cosgrave believe building is superior to farming? A. Building is a solitary activity. B. A building is not affected by nature. C. Build