Dexterhitemup455 Dexterhitemup455
  • 09-02-2021
  • Mathematics
contestada

You deposit $5000 in a bank account. Find the balance after 10 years with a 5% annual interest compounded monthly.

Respuesta :

gmercer8539
gmercer8539 gmercer8539
  • 09-02-2021

Answer:

$7,500

Step-by-step explanation:

5,000*0.05=250

250*10=2,500

5,000+2,500=7,500

Answer Link

Otras preguntas

1/3(b+4)= 1/2 What is the value of b?
The table shows the low outside temperatures for Monday, Tuesday, and Wednesday. SEE ATTACHMENT By how many degrees did the low temperature increase from Mond
Suppose a company comes out with a test that is supposed to detect “mad cow” disease in cattle. The test is 95% accurate. What does that mean? (What is the nume
A stamp collector is arranging 100 stamps in rows with the same number of stamps in each row.How many ways could she arrange the stamps if she would like more t
least to greatest 1.1,0.138,1.412,and 1.414213
What is 78974 divided by 21?
if 2 pupils can eat 6 balls of rice ball how many pupils can eat 12 rice balls
0.29 in scientific notation
which analogy best represents a supersaturated solution? an empty elevator that has a maximum load of 20 people a single person in an elevator that has a maximu
2(4 t) written in distributive property