brookins132 brookins132

09-03-2017
Social Studies

contestada

If the interest rate on a savings account is 0.01%, approximately how much money do you need to keep in this account for 1 year to earn enough interest to cover a single $9.99 Below-Minimum-Balance Fee?

Respuesta :

MissPhiladelphia MissPhiladelphia

22-03-2017

To get the the required amount to cover for the minmum balance fee for the account, we will follow the formula for computation with compounding interest.F=P(1+i)^nwhereF= $9.99P= ?i=0.01%/12n=12F=$9.989 or $9.99The required amount is $9.99.

Answer Link

Otras preguntas

What is the rhyme scheme of the following poem? The Germ A mighty creature is the germ, though smaller than the pachyderm. His customary dwelling place Is dee

Someone please help me with this right answers please

Henry and claudia can claim alyssa for which tax benefit(s)? a. dependency exemption and the child tax credit b. dependency exemption only c. child

Many critics of Hamilton called him overly ambitious. Were his actions motivated by ambition or by principle? Give example.

A 16 N force is applied to an object and 96 J of work is done. How far was the object moved? A) 6 B) 16 C) 80 D) 1536

neal is tiling his kitchen floor each square tile is 1 square foot neil uses 6 rowd of tiles with 9 tiles in each row what is the area of the floor

What does the reaction of the drivers of the wrecked automobile suggest about the values of gatsby guest?'?

PLS HELP!!!!!!!! What is the direct object in the following sentence? Daniel, please lay the keys on the table. The direct object is keys. The direct object is

What do the words parading and masquerading suggest about the speaker's values? he thinks all attempts to outshine nature are silly and pretentious. he thinks c

University presses typically have reputations as highly credible sources because they have rigorous blank review processes