Question: You are going to deposit $3,000 in an account that pays 36 percent interest per month. How much will you have in 6 years?

You are going to deposit ( $ 3,000 ) in an account that pays 36 percent interest per month. How much will you have in 6 ye

( $ 3,889.76 ) ( $ 3,885.87 ) ( $ 3,866.58 ) ( $ 3,871.93 ) ( $ 3,899.86 )

You are going to deposit $3,000 in an account that pays 36 percent interest per month. How much will you have in 6 years? O O O O O $3,889.76 $3,885.87 $3,866.58 $3,871.93 $3,899.86 Saved

Step by Step Solution

★★★★★

3.34 Rating (151 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

The detailed answer for the ... View full answer

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Mathematics Questions!

In terms of the Federal income and transfer taxes, comment on what is accomplished in the following disclaimer situations occurring in 2017. a. Lester dies without a will and is survived by a...

In terms of ICS/SCADA risk management and auditing, demonstrate how to use your knowledge of the risk as function of M, AV, T, and V. That is R = f (M, AV, T, V). Where: R - Risk, M - Mission...

In terms of ICS/SCADA risk management and auditing, demonstrate how to use your knowledge of the risk as function of M, AV, T, and V. That is R = f (M, AV, T, V). Where: R - risk, M - mission...

If sales for Donkey Coffee grew from $100,000 to $200,000 in 5 years, what would be the compound annual growth rate (CAGR)? Multiple Choice 1119 100% 50% O 14.9% 20% You want to buy a house and will...

You are going to deposit $3,900 in an account that pays .45 percent interest per month. How much will you have in 6 years?

please help! im having trouble figuring out how to solve this problem? The sentence is :You are going to deposit $3,900 in an account that pays .45 percent interest per month. How much will you have...

You are going to deposit $4,200 in an account that pays 48 percent interest per month. How much will you have in 5 years? Multiple Choke $5,603.52 $5.59792 55.624 79 $5.55723 $5.578 You are going to...

Saved Help Save & Exit You are going to deposit $3,600 in an account that pays 42 percent interest per month. How much will you have in 8 years

You are going to deposit $ 3 , 8 0 0 in an account that pays . 4 4 percent interest per month. How much will you have in 5 years?

What is the variable cost per mile for Honda Civic, Toyota Prius and Tesla Model 3 respectively? Let's assume you are considering purchasing a new car after graduation. You collected the following...

Consider the following integral. 7 I = log(4x) dx The best way to find an antiderivative for log(4x) is to use the integration by parts formula Suv'dx = uv- = uv f u'vdx where u(x) = log(4x) v'(x) =...

Designing a Norman Window A Norman window has the shape of a rectangle surmounted by a semicircle. Find the dimensions of a Norman window of perimeter 26 ft that will admit the greatest possible...

Manager T. C. Downs of Plum Engines, a producer of lawn mowers and leaf blowers, must develop an aggregate plan given the forecast for engine demand shown in the table. The department has a normal...

Case study on The Toronto Ultimate Club By reading this recommendation 3. Elaborate on what it's trying to say. Recommendation 3 : TUC will hire an additional employee to assist Jason Robinson,...

The goal of this lab is to segment a given network address using VLSM (Variable Length Subnet Mask). After completing this lab, you will be able to: Calculate subnets Materials Required This lab...

Hickory Company manufactures two products14,000 units of Product Y and 6,000 units of Product Z. The company uses a plantwide overhead rate based on direct labor-hours. It is considering implementing...

How do individual companies respond to economic forces throughout the globe? One way to explore this is to see how well rates of return for stock of individual companies can be explained by stock...

Evaluate the logarithm at the given value of x without using a calculator. Function Value 1. f (x) = log2 x x = 64. 2. f (x) = log25 x x = 5 3. f (x) = log8 x x = 1 4. f (x) = log x x = 10

In Exercises 1-4, verify the identity algebraically. Use the table feature of a graphing utility to check your result numerically. 1. 1 / tan x + 1 / cot x = tan x + cot x 2 .1 / sin x - 1 / csc x =...

(a) Given a function f, prove that g is even and h is odd, where g(x) = 1/2 [f (x) + f( x)] and h(x) = 1/2 [f (x) f (x)]. (b) Use the result of part (a) to prove that any function can be written as a...

12. How are neuropeptides special compared to other transmitterspg99

11. What are second messengers, and which type of synapse relies on thempg99

7. What does a highly active brain area do to increase its blood supplypg99