Mathematics, 07.04.2020 22:13 mari8493
Mr. Sanchez invested $5000 in a college fund for his daughter. The college fund earns interest at an annual rate of 5%, compounded monthly. Approximately how much money will be in the fund in 15 years, if Mr. Sanchez does not make any deposits or withdrawals?
A) $5,203.71
B) $5,321.78
C) $10,394.64
D) $10,568.52
Answers: 1
Mathematics, 21.06.2019 18:10, mayamcmillan11
An initial investment of $100 is now valued at $150. the annual interest rate is 5%, compounded continuously. the equation 100e0.05t = 150 represents the situation, where t is the number of years the money has been invested. about how long has the money been invested? use your calculator and round to the nearest whole number. years
Answers: 3
Mr. Sanchez invested $5000 in a college fund for his daughter. The college fund earns interest at an...
Mathematics, 19.05.2021 01:10
Mathematics, 19.05.2021 01:10
Mathematics, 19.05.2021 01:10
Mathematics, 19.05.2021 01:10
Mathematics, 19.05.2021 01:10
Health, 19.05.2021 01:10
Health, 19.05.2021 01:10