Mathematics, 17.12.2021 02:50 jaelynnm

A customer deposits $500 in an account that pays 4% annual interest. What is the balance after 3 years if the interest is compounded annually? Compound interest formula: V (t) = P (1 StartFraction r Over n EndFraction) Superscript n t t = years since initial deposit n = number of times compounded per year r = annual interest rate (as a decimal) P = initial (principal) investment V(t) = value of investment after t years $500. 12 $512. 00 $560. 00 $562. 43.

Answers: 2

Show answers

Other questions on the subject: Mathematics

Mathematics, 21.06.2019 18:10, jgill27

The number of branches on a tree demonstrates the fibonacci sequence. how many branches would there be on the next two levels of this tree? 13 | | | m branches

Answers: 3

continue

Mathematics, 21.06.2019 19:20, TrudnEli1217

Which number completes the system of linear inequalities represented by the graph? y> 2x – 2 and x + 4y 2 et 2 3 4

Answers: 3

continue

Mathematics, 21.06.2019 20:20, rileychas4114

Drag each tile to the correct box. not all tiles will be used. consider the recursively defined function below. create the first five terms of the sequence defined by the given function

Answers: 1

continue

Mathematics, 21.06.2019 21:00, bloodmoonangel01

Deepak plotted these points on the number line. point a: –0.3 point b: – 3 4 point c: – 11 4 point d: –0.7 which point did he plot incorrectly?

Answers: 2

continue

You know the right answer?

A customer deposits $500 in an account that pays 4% annual interest. What is the balance after 3 yea...