alaadeana70213 alaadeana70213

15-02-2021
Mathematics

contestada

If micheal invests $2000 in the bank at a rate of 5.5% for 6 years how much interest will he make?

help me plz

Respuesta :

Аноним Аноним

15-02-2021

Answer: 14,533.79 don´t take my word for it

Step-by-step explanation:

Answer Link

alisha7594 alisha7594

15-02-2021

Future Value of Annuity Due

P = 2,000

r = 5.5% (0.055)

n = 6

1.055 * (2,000 * [(1 + 0.055)^6 - 1)/(0.055)])

= 14,533.79

Answer Link

Otras preguntas

"I think of a number, multiply it by itself and then add 6 to the result+

What is the mass of a truck that has a momentum of 10,000 kg*m/s and a velocity of 4m/s North?

What problem did Americans face at home as the War of 1812 developed on the seas? a. a shortage of American goods b. strained relations with American Indians

How much do I need to invest now, at 5% p.a compound interest, for the total in 6 years to be $10,000

Why is Ekwefi so distraught by Ezinma's illness?

The combustion of ethane (C2H6) produces carbon dioxide and steam. 2C,H, (g) + 702(g) — 4CO2(g) + 6H2O(g) How many moles of Co, are produced when 5.55 mol of et

define computer software

choose any of the following Net Sports and describe in your own words why this would be a great activity for those seeking to be active? What are the benefits?

Were the Aztecs violent? Why or why not?

PLEASE HELP!! Part A Add colons where needed in the sentences below. 1. At 910 this morning, we'll be leaving for the natural history museum. 2. Please bring th