joyonelee joyonelee
  • 11-02-2021
  • Mathematics
contestada

if $15,000 is invested at 12% interest compounded monthly, find the interest earned in 12 years.​

Respuesta :

mellout400
mellout400 mellout400
  • 11-02-2021

Answer:

A

Step-by-step explanation:

It’s a

Answer Link
madethisfortwitch1
madethisfortwitch1 madethisfortwitch1
  • 11-02-2021

Answer:

62859.23

Step-by-step explanation:

our equation is as follows

[tex]PV(1+\frac{i}{n})^{nt)}\\\\15000(1+\frac{.12}{12})^{12*12}\\15000(1+.01)^{144}\\\\62859.23[/tex]

Answer Link

Otras preguntas

Describe your favorite meal and write a persuasive argument to convince someone to try that meal. please help me
Charlotte reads 8 1/3 pages of a book in 10 minutes. What is her average reading rate in pages per minute?
Gary mails 3 to the power of 10 flyers to clients in one week. How many flyers does Gary mail
How does the position of a digit in a number relate to its value
How many gallons of gasoline will it take to mow one lawn if you maintain the rate of 1/2 gallon of gasoline per 1/4 lawn mowed? Plz help
which is greater? 56.53 or 565.3?
What is 215 rounded to the nearest hundred
if you were asked to express the weight in ounces of a ladybug in scientific notation, would the exponent of the 10 be positive or negative
A relationship in which one organism is helped and another organism is neither helped nor harmed is called
What is 6 divided by 6n equals 14