andyhuggs101
andyhuggs101 andyhuggs101
  • 06-03-2018
  • Mathematics
contestada

Find the total amount in each account to the nearest cent if the interest is compounded annually.

1.) $595 at 4.75% for 3 years

2.) $12,000 at 6.95% for 4 years



Respuesta :

im2unique4youp55fd4 im2unique4youp55fd4
  • 06-03-2018
A=$595×(1+.0475÷1)^3=$683.88
A=$12000(1+.0695÷1)^4=$15,700.17
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