Respuesta :
Answer:
$26,851.54
Step-by-step explanation:
Lets use the compound interest formula provided to solve this:
[tex]A=P(1+\frac{r}{n} )^{nt}[/tex]
P = initial balance
r = interest rate (decimal)
n = number of times compounded annually
t = time
Our first step is to change 5.5% into a decimal:
5.5% -> [tex]\frac{5.5}{100}[/tex] -> 0.055
Since the interest is compounded monthly, we will use 12 for n. Lets plug in the values now:
[tex]A=10,000(1+\frac{0.055}{12})^{12(18)}[/tex]
[tex]A=26,851.54[/tex]
The ending balance after 18 years is $26,851.54
Answer:
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Step-by-step explanation:
northc04 sorry i could not help
can i get help please
When did the Indian class system begin to change?
A) in the Hindu period
B) in the Vedic period
C) in the Aryan period
D) when people first settled the Indus River Valley