Mathematics, 29.04.2021 02:50 cherry12345627
This equation calculates the value, P, of an account with an initial deposit of P0 and an interest rate of r compounded n times per year after t years.
P = P0 (1+r/n)nt
Vanessa deposits $700 in a savings account with an interest rate of 2% compounded monthly. Assuming she neither adds to nor withdraws from the account, what will be the approximate value of the account in 7 years?
А. $889.57
B. $887.77
C. $714.13
D $805.10
Answers: 2
Another question on Mathematics
Mathematics, 20.06.2019 18:04
An equation is shown below: 3(4x − 2) = 1 which of the following correctly shows the first two steps to solve this equation?
Answers: 2
Mathematics, 21.06.2019 16:30
The perimeter of a triangle is 69 cm. the first is 5 cm shorter than the second side. the third side is twice as long the first side. find the length of each side
Answers: 1
Mathematics, 21.06.2019 19:30
Jane moves from a house with 71 square feet of closet space to an apartment with 45.44 square feet of closet space. what is the percentage decrease of jane’s closet space?
Answers: 1
You know the right answer?
This equation calculates the value, P, of an account with an initial deposit of P0 and an interest r...
Questions
Health, 16.06.2021 20:40
Mathematics, 16.06.2021 20:40
Mathematics, 16.06.2021 20:40
Mathematics, 16.06.2021 20:40
Chemistry, 16.06.2021 20:40
English, 16.06.2021 20:40
Mathematics, 16.06.2021 20:40
