domocaden123 domocaden123

24-04-2021
Mathematics

contestada

Johnny wants to invest $10,000 at 4.5% interest rate compounded quarterly, How much will he have after 38 years?

Respuesta :

nevaehwilsonhuerta nevaehwilsonhuerta

24-04-2021

Answer:

a= $54764.26

Step-by-step explanation:

r=R/100

r=4.5/100

r=0.045 rate per year

A = P(1 + r/n)nt

A = 10,000.00(1 + 0.045/4)(4)(38)

A = 10,000.00(1 + 0.01125)(152)

A = $54,764.26

Answer Link

Otras preguntas

Knowing what intermolecular forces are, if I took two electrons (negatively charged particles) and tried to put them near each other, what would happen? Explain

PLEAE HELP ME OUT HURRY!!! Angle Relationship: Angle m= Angle k= Angle h= Angle p= Angle q= Angle f= Angle g= Angle s= Angle r= Angle u= Angle v=

Suppose $x$ and $y$ are integers such that $xy+5x+4y=-5$. Find the greatest possible value of $y$.

Which of the following was an effect of the rise of empires in Mesopotamia? Click the answer you think is right. impoverishment disorganization relative peace e

Can anyone please help me with this I’ll answer one of yours

What led to the diffusion of agricultural techniques from the Sahel region to other parts of Africa around 2000 BCE?

How many different law enforcement agencies were working on solving the murder in Dance hall of the dead

when plents use sunlight to make food, the energy of sunlight is

All the following factors were reasons that Sumerian cities developed into organized states except Click the answer you think is right. the oversight of agricul

Who is the leaderof the EU