jennalyncabatin
jennalyncabatin jennalyncabatin
  • 13-06-2020
  • Mathematics
contestada

find the compound amount of 16100 for 4 years and 6 months and 10% compounded quarterly

Respuesta :

valerieulbrich
valerieulbrich valerieulbrich
  • 13-06-2020

Answer:

25110.51

Step-by-step explanation:

A = P(1 + r/n)^(nt)

A = final amount

P = initial principal balance

r = interest rate

n = number of times interest applied per time period

t = number of time periods elapsed

A = 16100(1+.1/4)^(4*4.5) = 25110.51

Answer Link

Otras preguntas

what was king George's reaction to Americans fighting back against his army
The difference between 2 numbers is 15.if the bigger number is 98,what is the smaller number?
A man has blood type AB and his wife has blood type B. What are the possible blood types for their child? blood types A and B blood type AB blood types A, B, an
What is equivalent to 7/10??
Animals that eat a variety of meats,fruits,and vegetables are...
I need help solving x+y=4 2x+y=6
write two metaphors for the way a dog guards a house
What is one minus one third
a park is in the shape of a rectangle 8 miles long and 6 miles wide. how much shorter is your walk if you walk diagonally across the park than along two sides o
imagine that you are a scientist studying DNA. you measure the number of cytosines and thymines in a small strand of dna. there are 45 cytosines and 55 thymines