Mathematics, 04.06.2020 21:04 juan1216av
When a principal amount, P, is invested at an annual interest rate, r, and compounded n times per
year, the amount accumulated in the account after t years can be found with the equation:
A = P(1 + r/n) ^nt
Javier invested $2,350 in a savings account for 5 years with a rate of 1.75% compounded every six
months. In this situation, what is n?
0.0175
5 6 2
Answers: 3
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Whit h equation best represents this situation the number 98 increased by an unknown number equal to 120
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Devonte is balancing his checking account. his account statement does not include a deposit of $107.00 that he made on november 1st. what is devonte’s actual account balance?
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Jessie and bob are financing $425,500 to purchase a house. they obtained a 30/8 balloon mortgage at 6.55%. what will their balloon payment be?
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When a principal amount, P, is invested at an annual interest rate, r, and compounded n times per
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