Find the balance in an account if $2800 is invested at an annual rate of 4.25% for 6 years and compounded monthly.

Anonymous
timer Asked: Jun 11th, 2018
account_balance_wallet $5

Question description

Find the balance in an account if $2800 is invested at an annual rate of 4.25% for 6 years and compounded monthly. A. $3,514 B. $3,611.67 C. $4,654.44 D. $2,860.03

Tutor Answer

Borys_S
School: UIUC

The answer is B, the solution is in the attached file (the second question).

1. One day’s high temperature in Phoenix, Arizona, was recorded as 104°F. Write 104°F as
degrees Celsius. Use the formula.

A. 40°C B. 14.2°C C. 162°C D. ...

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Review

Anonymous
Awesome! Exactly what I wanted.

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